Energean (LON:ENOG) Stock Price Up 1.7% – Here’s Why

Energean plc (LON:ENOG) rose 1.7% during trading on Thursday . The stock traded as high as GBX 990.50 ($12.48) and last traded at GBX 985 ($12.41). Approximately 190,802 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 605,876 shares. The stock had previously closed at GBX 968.50 ($12.21).

Energean Price Performance

The stock’s fifty day moving average price is GBX 927.30 and its 200-day moving average price is GBX 1,006.21. The firm has a market cap of £1.81 billion, a PE ratio of 859.13 and a beta of 0.85. The company has a debt-to-equity ratio of 498.55, a current ratio of 1.31 and a quick ratio of 1.42.

Energean Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 19th were issued a $0.30 dividend. The ex-dividend date was Thursday, September 19th. This represents a yield of 2.59%. Energean’s payout ratio is 7,826.09%.

Insider Transactions at Energean

In related news, insider Matthaios Rigas acquired 40,000 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was purchased at an average price of GBX 850 ($10.71) per share, with a total value of £340,000 ($428,481.41). Insiders own 24.40% of the company’s stock.

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.