Energean (LON:ENOG) Given Buy Rating at Stifel Nicolaus

Energean (LON:ENOG)‘s stock had its “buy” rating reissued by investment analysts at Stifel Nicolaus in a research note issued to investors on Wednesday,London Stock Exchange reports. They presently have a GBX 950 price target on the stock. Stifel Nicolaus’ price objective points to a potential upside of 9.45% from the stock’s current price.

Separately, Berenberg Bank reiterated a “hold” rating and issued a GBX 765 price target on shares of Energean in a research note on Wednesday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Energean currently has a consensus rating of “Hold” and an average price target of GBX 881.67.

Energean Stock Performance

LON:ENOG opened at GBX 868 on Wednesday. The firm has a 50-day moving average of GBX 860.84 and a two-hundred day moving average of GBX 891.27. 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. The stock has a market cap of £1.60 billion, a P/E ratio of -6.20 and a beta of 0.24. Energean has a 1-year low of GBX 770 and a 1-year high of GBX 1,042.

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.