Royal Bank of Canada Reiterates “Outperform” Rating for Energean Oil & Gas (ENOG)

Energean Oil & Gas (LON:ENOG)‘s stock had its “outperform” rating reissued by equities researchers at Royal Bank of Canada in a research report issued to clients and investors on Monday, Digital Look reports. They currently have a GBX 900 ($11.76) price target on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 6.38% from the stock’s previous close.

ENOG has been the subject of several other research reports. Peel Hunt initiated coverage on shares of Energean Oil & Gas in a research report on Thursday, March 14th. They issued a “buy” rating and a GBX 850 ($11.11) price objective for the company. Morgan Stanley boosted their price objective on shares of Energean Oil & Gas from GBX 700 ($9.15) to GBX 850 ($11.11) and gave the stock an “overweight” rating in a research report on Tuesday, January 15th.

ENOG stock traded up GBX 66 ($0.86) during trading on Monday, hitting GBX 846 ($11.05). The company had a trading volume of 278,306 shares. The company has a debt-to-equity ratio of 13.26, a current ratio of 0.68 and a quick ratio of 0.64. Energean Oil & Gas has a 12 month low of GBX 433.50 ($5.66) and a 12 month high of GBX 830.90 ($10.86). The stock has a market capitalization of $1.30 billion and a PE ratio of 10.71.

About Energean Oil & Gas

Energean Oil & Gas plc operates as an independent oil and gas exploration and production company. The company focuses on the exploration, development, and production of oil and gas. It operates through five segments: Greece, Israel, Egypt, Montenegro, and New Ventures. The company holds 13 licenses in the Eastern Mediterranean.

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