Jefferies Financial Group Reaffirms “Underperform” Rating for Energean (LON:ENOG)

Energean (LON:ENOG)‘s stock had its “underperform” rating restated by analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday,London Stock Exchange reports. They currently have a GBX 680 price target on the stock. Jefferies Financial Group’s price objective would suggest a potential downside of 21.93% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Stifel Nicolaus restated a “buy” rating and issued a GBX 950 price target on shares of Energean in a research note on Wednesday. Berenberg Bank reissued a “hold” rating and issued a GBX 765 target price on shares of Energean in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 798.33.

Energean Stock Performance

LON:ENOG traded down GBX 14 during trading hours on Thursday, reaching GBX 871. The company had a trading volume of 296,777 shares, compared to its average volume of 1,083,781. The firm has a market cap of £1.61 billion, a price-to-earnings ratio of -6.22 and a beta of 0.24. The company has a current ratio of 0.79, a quick ratio of 1.42 and a debt-to-equity ratio of 2,560.13. The firm’s 50 day moving average price is GBX 860.44 and its 200-day moving average price is GBX 890.82. Energean has a 52 week low of GBX 770 and a 52 week high of GBX 1,042.

About Energean

Energean plc engages in the exploration, development, and production of oil and gas. It operates through four segments: Europe, Israel, Egypt, and New Ventures. The company holds interests in the Eastern Mediterranean. Its flagship project is the Karish project located in Israel. It also provides financing services; and holds a gas transportation license. The company was formerly known as Energean Oil & Gas plc and changed its name to Energean plc in May 2020. Energean plc was founded in 2007 and is based in London, the United Kingdom.