Energean (LON:ENOG) Trading Down 0.1% – What’s Next?

Energean plc (LON:ENOG)’s share price fell 0.1% during trading on Friday . The company traded as low as GBX 1,053 ($12.81) and last traded at GBX 1,058 ($12.87). 197,199 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 1,638,382 shares. The stock had previously closed at GBX 1,059 ($12.88).

Wall Street Analyst Weigh In

Separately, Berenberg Bank downgraded Energean to a “hold” rating and decreased their price objective for the stock from GBX 1,175 ($14.30) to GBX 1,045 ($12.71) in a report on Thursday, December 5th.

Energean Stock Down 0.1 %

The stock’s fifty day moving average price is GBX 1,018.94 and its 200-day moving average price is GBX 977.53. The company has a quick ratio of 1.42, a current ratio of 1.31 and a debt-to-equity ratio of 498.55. The company has a market capitalization of £1.94 billion, a price-to-earnings ratio of 920.00 and a beta of 0.85.

Energean Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, December 30th. Shareholders of record on Thursday, December 5th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a yield of 2.17%. Energean’s payout ratio is currently 7,826.09%.

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.