Insider Buying: Energean (LON:ENOG) Insider Acquires £37,750 in Stock

Energean plc (LON:ENOG) insider Andreas Persianis bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average price of GBX 755 per share, with a total value of £37,750.

Energean Stock Performance

ENOG remained flat at GBX 753.50 during midday trading on Tuesday. The company’s stock had a trading volume of 4,508,638 shares, compared to its average volume of 1,086,095. The company has a debt-to-equity ratio of 2,560.13, a quick ratio of 1.42 and a current ratio of 0.79. The firm has a fifty day simple moving average of GBX 738.34 and a two-hundred day simple moving average of GBX 823.84. The stock has a market capitalization of £1.39 billion, a PE ratio of -4.69 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.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ENOG. Jefferies Financial Group restated an “underperform” rating and issued a GBX 680 price objective on shares of Energean in a research note on Thursday, May 21st. Stifel Nicolaus restated a “buy” rating and issued a GBX 950 price target on shares of Energean in a research report on Wednesday, May 20th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 765 price objective on shares of Energean in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Energean presently has an average rating of “Hold” and an average price target of GBX 798.33.

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.