Energean (LON:ENOG) Shares Up 0.4% – Here’s Why

Energean plc (LON:ENOG) traded up 0.4% on Friday . The stock traded as high as GBX 1,031 ($12.97) and last traded at GBX 1,016 ($12.78). 173,076 shares traded hands during trading, a decline of 70% from the average session volume of 581,400 shares. The stock had previously closed at GBX 1,012 ($12.73).

Analyst Ratings Changes

Separately, Berenberg Bank downgraded Energean to a “hold” rating and dropped their price target for the stock from GBX 1,175 ($14.79) to GBX 1,045 ($13.15) in a research note on Thursday, December 5th.

Energean Stock Up 0.4 %

The firm has a market capitalization of £1.86 billion, a P/E ratio of 883.48 and a beta of 0.85. The company has a current ratio of 1.31, a quick ratio of 1.42 and a debt-to-equity ratio of 498.55. The company has a 50 day simple moving average of GBX 995.57 and a two-hundred day simple moving average of GBX 976.63.

Energean Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 5th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a dividend yield of 2.17%. Energean’s dividend payout ratio is 7,826.09%.

Insiders Place Their Bets

In related news, insider Matthaios Rigas purchased 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was bought at an average price of GBX 850 ($10.70) per share, for a total transaction of £340,000 ($427,834.40). Corporate 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.