Energean (LON:ENOG) Stock Price Down 1.4% – What’s Next?

Energean plc (LON:ENOG) shares dropped 1.4% during mid-day trading on Thursday . The stock traded as low as GBX 932 ($12.10) and last traded at GBX 935.49 ($12.15). Approximately 357,130 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 628,049 shares. The stock had previously closed at GBX 949 ($12.32).

Energean Trading Down 2.3 %

The company has a debt-to-equity ratio of 498.55, a quick ratio of 1.42 and a current ratio of 1.31. The stock has a market capitalization of £1.70 billion, a price-to-earnings ratio of 813.47 and a beta of 0.85. The business has a fifty day simple moving average of GBX 918.41 and a 200 day simple moving average of GBX 1,014.79.

Energean Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 19th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a dividend yield of 2.59%. Energean’s dividend payout ratio (DPR) is presently 7,826.09%.

Insider Buying and Selling

In other Energean news, insider Matthaios Rigas purchased 40,000 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was bought at an average cost of GBX 850 ($11.04) per share, for a total transaction of £340,000 ($441,443.78). In related news, insider Matthaios Rigas bought 40,000 shares of Energean stock in a transaction dated Wednesday, October 2nd. The shares were bought at an average cost of GBX 850 ($11.04) per share, with a total value of £340,000 ($441,443.78). Also, insider Andrew Donald Bartlett purchased 5,554 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was bought at an average price of GBX 998 ($12.96) per share, for a total transaction of £55,428.92 ($71,966.92). 24.40% of the stock is owned by insiders.

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.