Energean (LON:ENOG) Trading Up 0.4% – What’s Next?

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

Analyst Ratings Changes

Separately, Berenberg Bank cut Energean to a “hold” rating and dropped their price objective for the company from GBX 1,175 ($14.79) to GBX 1,045 ($13.15) in a report on Thursday, December 5th.

Energean Stock Up 0.4 %

The company’s 50 day moving average is GBX 995.57 and its 200 day moving average is GBX 976.63. The company has a market cap of £1.86 billion, a PE 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.

Energean Announces Dividend

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

Insider Activity at Energean

In other Energean news, insider Matthaios Rigas bought 40,000 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were bought at an average cost of GBX 850 ($10.70) per share, for a total transaction of £340,000 ($427,834.40). 24.40% of the stock is owned by company insiders.

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.