Berenberg Bank Issues Pessimistic Forecast for Energean (LON:ENOG) Stock Price

Energean (LON:ENOG) had its price objective reduced by research analysts at Berenberg Bank from GBX 855 to GBX 780 in a report released on Wednesday, MarketBeat.com reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price objective suggests a potential downside of 7.96% from the stock’s previous close.

Separately, Jefferies Financial Group cut their price objective on shares of Energean from GBX 940 to GBX 930 and set a “hold” rating for the company in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Energean presently has a consensus rating of “Hold” and a consensus price target of GBX 855.

Energean Price Performance

Shares of ENOG opened at GBX 847.50 on Wednesday. The company’s 50-day moving average is GBX 900.01 and its 200-day moving average is GBX 909.57. The company has a debt-to-equity ratio of 498.55, a current ratio of 1.31 and a quick ratio of 1.42. The firm has a market capitalization of £1.56 billion, a PE ratio of 7.57 and a beta of 0.85. Energean has a fifty-two week low of GBX 720.50 and a fifty-two week high of GBX 1,046.

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.