Energean (LON:ENOG) Insider Matthaios Rigas Acquires 50,000 Shares of Stock

Energean plc (LON:ENOG) insider Matthaios Rigas bought 50,000 shares of the firm’s stock in a transaction on Friday, June 19th. The shares were bought at an average price of GBX 681 per share, with a total value of £340,500.

Energean Stock Performance

Shares of ENOG traded up GBX 19 during trading hours on Monday, hitting GBX 716. The stock had a trading volume of 12,074,827 shares, compared to its average volume of 1,194,204. The stock has a fifty day moving average price of GBX 814.66 and a 200 day moving average price of GBX 858.12. The firm has a market capitalization of £1.32 billion, a PE ratio of -4.45 and a beta of 0.23. Energean plc has a 12 month low of GBX 674.50 and a 12 month high of GBX 1,042. The company has a debt-to-equity ratio of 2,560.13, a current ratio of 0.79 and a quick ratio of 1.42.

Analyst Ratings Changes

ENOG has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 680 price objective on shares of Energean in a research report on Thursday, May 21st. Berenberg Bank reaffirmed a “hold” rating and set a GBX 765 price target on shares of Energean in a report on Wednesday, May 20th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a GBX 950 price target on shares of Energean in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 798.33.

Energean Company Profile

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.