Energean (LON:ENOG) Trading Down 2%

Energean plc (LON:ENOGGet Free Report)’s share price fell 2% during mid-day trading on Thursday . The stock traded as low as GBX 996 ($12.68) and last traded at GBX 1,002 ($12.76). 280,301 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 390,905 shares. The stock had previously closed at GBX 1,022 ($13.01).

Analyst Ratings Changes

Separately, Berenberg Bank increased their target price on shares of Energean from GBX 1,425 ($18.15) to GBX 1,565 ($19.93) and gave the stock a “neutral” rating in a report on Thursday, May 23rd.

Get Our Latest Research Report on Energean

Energean Stock Down 2.0 %

The company has a current ratio of 0.95, a quick ratio of 1.42 and a debt-to-equity ratio of 478.97. The firm has a market capitalization of £1.84 billion, a P/E ratio of 963.46 and a beta of 0.80. The company has a 50 day simple moving average of GBX 1,110.48 and a two-hundred day simple moving average of GBX 1,038.25.

Energean Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 6th will be paid a $0.30 dividend. The ex-dividend date is Thursday, June 6th. This represents a yield of 2.08%. Energean’s payout ratio is 9,038.46%.

Insiders Place Their Bets

In other Energean news, insider Matthaios Rigas sold 2,383 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of GBX 1,065 ($13.56), for a total value of £25,378.95 ($32,317.52). 24.39% of the stock is currently owned by corporate insiders.

About Energean

(Get Free Report)

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.

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