Energean PLC 27.3% potential upside indicated by Berenberg Bank

Broker Ratings

Energean PLC with ticker (LON:ENOG) now has a potential upside of 27.3% according to Berenberg Bank.

Berenberg Bank set a target price of 1,540 GBX for the company, which when compared to the Energean PLC share price of 1,120 GBX at opening today (22/06/2022) indicates a potential upside of 27.3%. Trading has ranged between 600 (52 week low) and 1,437 (52 week high) with an average of 478,591 shares exchanging hands daily. The market capitalisation at the time of writing is £2,103,541,760.

Energean plc is a United Kingdom-based exploration and production (E&P) company. The Company is engaged in the exploration, production and commercialization of crude oil and natural gas. It operates under four segments, namely Europe, which includes Greece, Italy, United Kingdom, Croatia; Israel; Egypt, and New Ventures, including Montenegro and Malta. The Company’s flagship project is the 3.5 Tcf Karish, Karish North and Tanin development, offshore Israel that uses the FPSO Energean Power to produce gas. The Company’s subsidiary consists of Energean E&P Holdings Ltd, Energean Capital Ltd, Energean MED Limited, Energean Oil & Gas S.A., and Energean International Limited, among others.

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