Energean (LON:ENOG) Reaches New 52-Week Low Following Insider Selling

Energean plc (LON:ENOG) reached a new 52-week low during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as GBX 795.50 ($10.26) and last traded at GBX 803 ($10.35), with a volume of 335718 shares trading hands. The stock had previously closed at GBX 845 ($10.90).

Specifically, insider Panagiotis Benos sold 784 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of GBX 888 ($11.45), for a total value of £6,961.92 ($8,977.33).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “hold” rating and set a GBX 940 ($12.12) price objective on shares of Energean in a research report on Thursday, March 20th.

Energean Price Performance

The firm has a market cap of £1.85 billion, a price-to-earnings ratio of 14.50 and a beta of 0.85. The company’s 50-day moving average is GBX 941.31 and its 200-day moving average is GBX 965.86. The company has a current ratio of 1.31, a quick ratio of 1.42 and a debt-to-equity ratio of 498.55.

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.