Energean plc (LON:ENOG) Insider Acquires £55,428.92 in Stock

Energean plc (LON:ENOG) insider Andrew Donald Bartlett bought 5,554 shares of the stock in a transaction dated Tuesday, July 30th. The shares were bought at an average cost of GBX 998 ($12.84) per share, with a total value of £55,428.92 ($71,300.39).

Energean Stock Up 1.1 %

LON:ENOG traded up GBX 10.50 ($0.14) during mid-day trading on Wednesday, reaching GBX 999 ($12.85). The company’s stock had a trading volume of 642,678 shares, compared to its average volume of 399,550. Energean plc has a 1 year low of GBX 807.50 ($10.39) and a 1 year high of GBX 1,233 ($15.86). The stock has a fifty day moving average of GBX 1,060.70 and a 200-day moving average of GBX 1,045.47. The firm has a market capitalization of £1.83 billion, a PE ratio of 950.48 and a beta of 0.80. The company has a quick ratio of 1.42, a current ratio of 0.95 and a debt-to-equity ratio of 478.97.

Energean Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 6th were issued a $0.30 dividend. The ex-dividend date was Thursday, June 6th. This represents a yield of 2.08%. Energean’s dividend payout ratio is presently 9,038.46%.

Analysts Set New Price Targets

Separately, Berenberg Bank upped their price objective on shares of Energean from GBX 1,425 ($18.33) to GBX 1,565 ($20.13) and gave the stock a “neutral” rating in a research note on Thursday, May 23rd.

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.