Stifel Nicolaus Reiterates Buy Rating for Energean (LON:ENOG)

Energean (LON:ENOG)‘s stock had its “buy” rating reiterated by equities researchers at Stifel Nicolaus in a report issued on Thursday, MarketBeat reports. They currently have a GBX 1,100 price target on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 27.91% from the stock’s current price.

Separately, Berenberg Bank decreased their price target on shares of Energean from GBX 855 to GBX 780 and set a “hold” rating for the company in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 936.67.

Energean Stock Down 6.7%

Shares of LON:ENOG opened at GBX 860 on Thursday. The company has a 50 day moving average price of GBX 886.31 and a two-hundred day moving average price of GBX 896.54. 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 company has a market capitalization of £1.58 billion, a PE ratio of 7.68 and a beta of 0.69. Energean has a 52 week low of GBX 720.50 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.