Energean Oil & Gas plc (GB:ENOG)
LSE:ENOG
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Energean
(LSE:ENOG)
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Rating:58Neutral
Price Target:
892.00 p
▲(6.95% Upside)
Action:Downgraded
Date:03/21/26
The score is held back primarily by elevated balance-sheet risk (thin equity cushion and rising debt) and the 2025 net loss despite strong operating cash flow. Valuation is a key offset with a low P/E and high dividend yield, while technical indicators are moderately supportive but not decisively bullish.
Positive Factors
Strong revenue growth & operating profitability
A 54% revenue increase and rising EBIT demonstrate expanding production and stronger operating margins. Sustained operating profitability provides durable internal funding for projects and debt service, supporting resilience through industry cycles over the next 2–6 months.
Negative Factors
High and rising leverage; thin equity cushion
Massively reduced equity versus a ~5.59bn asset base leaves a thin capital cushion. Rising debt magnifies refinancing, covenant and liquidity risk, constraining strategic flexibility and increasing vulnerability to commodity or operational shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth & operating profitability
A 54% revenue increase and rising EBIT demonstrate expanding production and stronger operating margins. Sustained operating profitability provides durable internal funding for projects and debt service, supporting resilience through industry cycles over the next 2–6 months.
Read all positive factors
Energean (ENOG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.59B
Dividend Yield10.99%
Average Volume (3M)368.22K
Price to Earnings (P/E)―
Beta (1Y)0.95
Revenue Growth27.35%
EPS Growth-228.25%
CountryUK
Employees392
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-1.40
Shares Outstanding184,715,960
10 Day Avg. Volume304,572
30 Day Avg. Volume368,221
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)15.49
Price to Sales (P/S)1.24
P/FCF Ratio12.85
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£798.33Price Target Upside-4.28% Downside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)2.22
Revenue Forecast (FY)£1.68B
Energean Business Overview & Revenue Model
Company Description
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 ...
How the Company Makes Money
Energean makes money primarily by producing and selling natural gas and crude oil/condensate from its operated upstream fields. Revenue is generated when produced hydrocarbons are delivered to buyers under gas sales agreements and oil offtake arra...
Energean Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
34
Negative
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.76B | 1.31B | 1.42B | 737.08M | 496.99M |
| Gross Profit | 539.34M | 612.29M | 660.09M | 376.94M | 151.29M |
| EBITDA | 1.11B | 746.92M | 909.19M | 411.45M | 198.89M |
| Net Income | -262.99M | 188.07M | 184.94M | 17.27M | -96.05M |
Balance Sheet | |||||
| Total Assets | 5.59B | 5.92B | 5.78B | 5.73B | 5.24B |
| Cash, Cash Equivalents and Short-Term Investments | 326.73M | 182.25M | 365.95M | 442.97M | 747.98M |
| Total Debt | 3.63B | 3.28B | 3.29B | 3.05B | 2.99B |
| Total Liabilities | 5.45B | 5.29B | 5.10B | 5.08B | 4.52B |
| Stockholders Equity | 141.67M | 638.09M | 686.12M | 650.20M | 717.12M |
Cash Flow | |||||
| Free Cash Flow | 170.77M | 356.43M | 115.12M | -123.60M | -271.00M |
| Operating Cash Flow | 937.52M | 1.12B | 656.19M | 272.15M | 132.50M |
| Investing Cash Flow | -976.34M | -809.42M | -416.46M | -307.94M | -642.78M |
| Financing Cash Flow | 18.48M | -426.04M | -327.35M | -267.48M | 1.06B |
Energean Technical Analysis
Negative
834.00
Price Trends
860.64
Negative
864.19
Negative
862.74
Negative
Market Momentum
3.09
Positive
43.88
Neutral
39.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ENOG, the sentiment is Negative. The current price of 834 is below the 20-day moving average (MA) of 867.03, below the 50-day MA of 860.64, and below the 200-day MA of 862.74, indicating a bearish trend. The MACD of 3.09 indicates Positive momentum. The RSI at 43.88 is Neutral, neither overbought nor oversold. The STOCH value of 39.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:ENOG.
Energean Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | £3.57B | 28.81 | 9.72% | 5.64% | 49.70% | -5.56% | |
70 Outperform | £4.24B | 21.34 | 9.33% | 14.05% | 36.10% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | £1.07B | -19.56 | -7.42% | 9.30% | -20.00% | -154.63% | |
58 Neutral | £1.59B | -1.49 | -65.81% | 10.99% | 27.35% | -228.25% | |
53 Neutral | £679.58M | -2.65 | -19.93% | ― | ― | ― | |
50 Neutral | £140.42M | -5.79 | -11.54% | ― | -10.76% | 88.89% |
* Energy Sector Average
GB:ENOG
Energean
846.50
69.62
8.96%
GB:GENL
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-3.41%
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GB:ITH
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Energean Corporate Events
Business Operations and StrategyDelistings and Listing Changes
Energean Seeks Block Listing for 450,000 Shares to Support Incentive Plans
Neutral
Mar 19, 2026
Energean has applied for a block listing of 450,000 new ordinary shares of 1 pence each to be admitted to the Official List and traded on the Main Market of the London Stock Exchange. The shares will be issued over time in line with the vesting of...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Energean Israel Wins Clean Audit Opinion on 2025 IFRS Accounts and Reserve Estimates
Positive
Mar 19, 2026
Energean Israel Limited has published its consolidated financial statements for the year ended 31 December 2025, accompanied by an unqualified independent auditor’s report from Kost Forer Gabbay Kasierer, a member firm of EY in Israel. The ...
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
Energean Posts Resilient 2025 Results and Targets New Growth Phase With Angola Entry
Positive
Mar 19, 2026
Energean reported resilient full-year 2025 results, with production steady at 154 kboed, revenue broadly flat at $1.77 billion and adjusted EBITDAX of $1.12 billion, despite lower Brent prices and regional geopolitical disruptions. The company imp...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Energean Moves Into Angola With Chevron Oil Asset Deal
Positive
Mar 12, 2026
Energean has agreed to acquire Chevron’s 31% operated stake in Angola’s offshore Block 14 and a 15.5% non‑operated interest in Block 14K, marking its first significant move into West Africa. The assets currently produce about 42,...
Business Operations and Strategy
Energean Shuts Energean Power FPSO Amid Regional Geopolitical Escalation
Negative
Mar 2, 2026
Energean plc has temporarily halted production and activities at its Energean Power floating production, storage and offloading vessel after receiving an order from the Ministry of Energy and Infrastructure on 28 February 2026, in response to a re...
DividendsRegulatory Filings and Compliance
Energean Adjusts TASE Ex-Dividend Date for Q4 2025 Payout
Neutral
Feb 16, 2026
Energean plc has corrected the ex-dividend date for its previously announced fourth-quarter 2025 dividend in order to comply with requirements on the Tel Aviv Stock Exchange. The Tel Aviv ex-dividend date has been moved from 5 March 2026 to 6 Marc...
Business Operations and StrategyDividendsFinancial Disclosures
Energean Declares 4Q 2025 Dividend of 30 Cents per Share
Positive
Feb 16, 2026
Energean plc has declared a fourth-quarter 2025 dividend of 30 US cents per share, reaffirming its shareholder return policy in the current operating environment. The dividend will be paid in US dollars to shareholders on both the London and Tel A...
Business Operations and StrategyFinancial Disclosures
Energean Delivers Resilient 2025 Results and Sets Capital-Intensive Growth Plan for 2026
Neutral
Jan 27, 2026
Energean reported a resilient 2025 trading performance, with group production averaging 154 kboed (85% gas) at the upper end of guidance and largely driven by strong output in Israel, despite a temporary suspension linked to regional geopolitical ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.