Energean plc (LON:ENOG – Get Free Report) shares dropped 0.5% during mid-day trading on Thursday . The company traded as low as GBX 1,056 ($13.04) and last traded at GBX 1,079 ($13.33). Approximately 337,015 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 339,886 shares. The stock had previously closed at GBX 1,084 ($13.39).
Analysts Set New Price Targets
Separately, Berenberg Bank reissued a “buy” rating and set a GBX 1,425 ($17.60) price target on shares of Energean in a research report on Thursday, March 21st.
View Our Latest Analysis on Energean
Energean Price Performance
Energean Dividend Announcement
The business also recently declared a dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 7th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, March 7th. This represents a dividend yield of 2.48%. Energean’s dividend payout ratio (DPR) is presently -66,428.57%.
Insider Activity at Energean
In other news, insider Matthaios Rigas sold 2,383 shares of Energean stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of GBX 1,065 ($13.15), for a total value of £25,378.95 ($31,347.52). 26.08% 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.
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