Energean (LON:ENOG) Sets New 12-Month High at $1,233.00

Energean plc (LON:ENOG) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 1,233 ($15.67) and last traded at GBX 1,196 ($15.20), with a volume of 213241 shares trading hands. The stock had previously closed at GBX 1,185 ($15.06).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 1,425 ($18.11) target price on shares of Energean in a research note on Thursday, March 21st.

Energean Stock Performance

The company has a market capitalization of £2.08 billion, a PE ratio of 1,382.93 and a beta of 0.80. The company has a 50 day moving average of GBX 1,093.09 and a two-hundred day moving average of GBX 1,014.44. The company has a debt-to-equity ratio of 478.97, a current ratio of 0.95 and a quick ratio of 1.42.

Energean Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 6th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a yield of 2.08%. Energean’s payout ratio is 11,585.37%.

Insider Transactions at Energean

In other news, insider Matthaios Rigas sold 2,383 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of GBX 1,065 ($13.54), for a total value of £25,378.95 ($32,255.91). Insiders own 24.39% 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.