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Energean plcLSE:ENOG Stock Report

Market Cap UK£1.3b
Share Price
UK£6.97
UK£9.42
26.0% undervalued intrinsic discount
1Y-21.6%
7D-6.2%
1D
Portfolio Value
View

Energean plc

LSE:ENOG Stock Report

Market Cap: UK£1.3b

ENOG Community Fair Values

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Energean plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for Energean
Historical stock prices
Current Share PriceUK£6.97
52 Week HighUK£10.42
52 Week LowUK£6.81
Beta0.23
1 Month Change-21.24%
3 Month Change-18.76%
1 Year Change-21.64%
3 Year Change-31.60%
5 Year Change-9.24%
Change since IPO59.50%

Recent News & Updates

Narrative Update Jun 18

ENOG: Angola Blocks And Production Restart Will Support A Stronger 2026 Outlook

Analysts have reduced their price target on Energean by £0.15, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of the revision. What’s in the News for Energean Energean updated investors on its proposed acquisition from Chevron of a 31% operated interest in Block 14 and a 15.5% non operated interest in Block 14K offshore Angola, after Chevron received notice that joint venture partner Etu Energias is seeking to exercise pre emption rights on the transaction.
Narrative Update Jun 02

ENOG: Angola Acquisition And Restart Progress Will Support A Stronger 2026 Outlook

Energean's updated analyst price target, reflected in a fair value estimate of £9.19 compared with the prior £9.05, aligns with recent Street research in which analysts have trimmed assumptions such as P/E multiples, including a 15 GBp target cut cited in Berenberg commentary. What's in the News Energean revised its production guidance for fiscal 2026 to a range of 130 kboed to 140 kboed, compared with prior guidance of 140 kboed to 150 kboed.
Narrative Update May 18

ENOG: Angola Deal And Restart Progress Will Guide A Balanced 2026 Outlook

Analysts have trimmed their price targets on Energean, with the consensus edging lower by £0.25 per share. This reflects updated assumptions around discount rates and revenue growth while acknowledging slightly stronger profit margin and P/E inputs.
Narrative Update Apr 27

ENOG: Angola Deal And FPSO Restart Will Shape A Measured 2026 Outlook

Energean's updated analyst price target has shifted slightly to reflect a recalibrated fair value and P/E outlook, with recent target cuts from £0.15 and £0.75 by Berenberg and a downgrade at Jefferies contributing to a more cautious, yet still valuation focused, narrative from analysts. Analyst Commentary Recent research updates on Energean have centred on recalibrated price targets in £0.15 and £0.75 increments and a downgrade that signals a more cautious stance on execution and valuation risk.

Recent updates

Narrative Update Jun 18

ENOG: Angola Blocks And Production Restart Will Support A Stronger 2026 Outlook

Analysts have reduced their price target on Energean by £0.15, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of the revision. What’s in the News for Energean Energean updated investors on its proposed acquisition from Chevron of a 31% operated interest in Block 14 and a 15.5% non operated interest in Block 14K offshore Angola, after Chevron received notice that joint venture partner Etu Energias is seeking to exercise pre emption rights on the transaction.
Narrative Update Jun 02

ENOG: Angola Acquisition And Restart Progress Will Support A Stronger 2026 Outlook

Energean's updated analyst price target, reflected in a fair value estimate of £9.19 compared with the prior £9.05, aligns with recent Street research in which analysts have trimmed assumptions such as P/E multiples, including a 15 GBp target cut cited in Berenberg commentary. What's in the News Energean revised its production guidance for fiscal 2026 to a range of 130 kboed to 140 kboed, compared with prior guidance of 140 kboed to 150 kboed.
Narrative Update May 18

ENOG: Angola Deal And Restart Progress Will Guide A Balanced 2026 Outlook

Analysts have trimmed their price targets on Energean, with the consensus edging lower by £0.25 per share. This reflects updated assumptions around discount rates and revenue growth while acknowledging slightly stronger profit margin and P/E inputs.
Narrative Update Apr 27

ENOG: Angola Deal And FPSO Restart Will Shape A Measured 2026 Outlook

Energean's updated analyst price target has shifted slightly to reflect a recalibrated fair value and P/E outlook, with recent target cuts from £0.15 and £0.75 by Berenberg and a downgrade at Jefferies contributing to a more cautious, yet still valuation focused, narrative from analysts. Analyst Commentary Recent research updates on Energean have centred on recalibrated price targets in £0.15 and £0.75 increments and a downgrade that signals a more cautious stance on execution and valuation risk.
Narrative Update Apr 13

ENOG: Angola Acquisition And FPSO Restart Will Frame A Cautious 2026 Outlook

Energean's analyst price target has edged lower to about £9.24 from roughly £9.30, as analysts factor in recent target cuts from Berenberg and a downgrade from Jefferies, while keeping their revenue growth, profit margin and future P/E assumptions broadly in line. Analyst Commentary Recent research has focused less on changing core assumptions and more on adjusting price targets and ratings to reflect updated views on risk and execution.
Narrative Update Mar 28

ENOG: Angola Deal And Production Suspension Will Shape A More Balanced 2026

Analysts have reduced their price targets on Energean by £0.02 to £9.30, citing lower assumptions for revenue growth and profit margins, as well as a higher discount rate and a higher future P/E multiple, in response to recent research updates from Jefferies and Berenberg. Analyst Commentary Bullish Takeaways Bullish analysts still see room for upside if Energean can deliver on revenue growth targets, arguing that the current price target of £9.30 already reflects tougher assumptions on margins and discount rates.
Narrative Update Mar 12

ENOG: Downgraded Outlook And Production Halt Will Shape A More Balanced 2026

Energean's analyst price target has been revised lower to £9.32, with analysts citing recent downgrades and reduced price targets as they reassess the stock's risk profile and earnings visibility. Analyst Commentary Bullish Takeaways Bullish analysts see the revised £9.32 price target as still offering potential upside versus recent trading levels, assuming the company can improve earnings visibility and deliver on its project pipeline.
Narrative Update Feb 26

ENOG: Trimmed Outlook And Production Guidance Will Shape A More Balanced 2026 Narrative

Energean's analyst price targets have been trimmed slightly, with the average fair value moving from about £9.40 to roughly £9.32 as analysts factor in a marginally higher discount rate and slightly lower future P/E assumptions following recent rating and target cuts. Analyst Commentary Recent research has focused on fine tuning expectations rather than making wholesale changes, with both ratings and price targets adjusted to reflect updated views on Energean's risk and valuation profile.
New Narrative Feb 14

Long Duration Israeli Gas Contracts Will Underpin Attractive Long Term Upside Potential

Catalysts About Energean Energean is an oil and gas producer focused on gas led projects in the East Mediterranean and Europe. What are the underlying business or industry changes driving this perspective?
Narrative Update Feb 12

ENOG: Reaffirmed Production Guidance Will Offset Recent Rating And Price Cuts

Analysts have trimmed their fair value estimate for Energean to £9.40 from £9.82, reflecting slightly more cautious revenue expectations but a somewhat stronger profit margin outlook after recent price target cuts at Jefferies and Berenberg. Analyst Commentary Recent Street research around Energean has become more cautious, with price targets trimmed and at least one rating downgrade.
New Narrative Jan 28

Long Contracted Gas And Carbon Storage Will Support Steadier Eastern Mediterranean Cash Flows

Catalysts About Energean Energean is an oil and gas producer focused on gas weighted assets in the Eastern Mediterranean and wider Europe. What are the underlying business or industry changes driving this perspective?
Narrative Update Jan 28

ENOG: Higher Future P/E Assumptions Will Support Reaffirmed Production Guidance

Analysts have nudged their price target on Energean slightly higher to reflect updated assumptions around discount rates, profit margins and future P/E levels, while keeping the overall valuation view broadly consistent with prior estimates. What's in the News Energean reported average production of 151 kboed for the nine months to 30 September 2025, with 85% of volumes from gas, compared with 156 kboed and 83% gas for the same period in 2024.
Narrative Update Dec 02

ENOG: Output Recovery And Margin Improvement Will Offset Production Disruptions

Analysts have slightly reduced their price target for Energean from $9.85 to $9.81. This adjustment reflects expectations for higher revenue growth and improved profit margins, partially offset by a modestly higher discount rate and lower future price-to-earnings estimates.
Narrative Update Nov 06

ENOG: Production Setbacks And Forecast Revision Will Shape Near-Term Outlook

Analysts have lowered their price target for Energean from $10.26 to $9.85. This change reflects updated forecasts for profit margins and valuation metrics.
Analysis Article Oct 11

It's A Story Of Risk Vs Reward With Energean plc (LON:ENOG)

With a median price-to-earnings (or "P/E") ratio of close to 17x in the United Kingdom, you could be forgiven for...
Narrative Update Sep 25

Mediterranean Expansion And West Africa Initiatives Will Open New Markets

Despite a significant improvement in Energean's net profit margin and a substantially lower future P/E ratio, the consensus analyst price target has declined from £10.87 to £10.26, indicating revised growth or risk expectations. What's in the News Energean reported group production of 138 Kboed for the first half of 2025, down from 146 Kboed year-on-year; August production rose to 178 Kboed.
Analysis Article Apr 19

Investors Interested In Energean plc's (LON:ENOG) Earnings

With a price-to-earnings (or "P/E") ratio of 17.8x Energean plc ( LON:ENOG ) may be sending bearish signals at the...
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New Narrative Feb 10

Developing Katlan Project Will Ensure Long-Term Production Stability

Strategic focus on Israeli operations and new contracts enhances production stability and revenue growth, with export opportunities boosting potential earnings.
Analysis Article Jan 01

Calculating The Intrinsic Value Of Energean plc (LON:ENOG)

Key Insights Energean's estimated fair value is UK£11.58 based on 2 Stage Free Cash Flow to Equity Energean's UK£10.43...
Analysis Article Nov 16

Energean plc (LON:ENOG) Could Be Riskier Than It Looks

It's not a stretch to say that Energean plc's ( LON:ENOG ) price-to-sales (or "P/S") ratio of 1.4x right now seems...
Analysis Article Sep 16

Analysts Are More Bearish On Energean plc (LON:ENOG) Than They Used To Be

The latest analyst coverage could presage a bad day for Energean plc ( LON:ENOG ), with the analysts making...
Analysis Article Jun 17

We Think Energean (LON:ENOG) Is Taking Some Risk With Its Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article May 23

Energean plc's (LON:ENOG) Popularity With Investors Is Clear

When you see that almost half of the companies in the Oil and Gas industry in the United Kingdom have price-to-sales...
Analysis Article Mar 26

Energean plc (LON:ENOG) Analysts Just Slashed This Year's Estimates

The latest analyst coverage could presage a bad day for Energean plc ( LON:ENOG ), with the analysts making...
Analysis Article Mar 24

Energean plc Just Missed Earnings - But Analysts Have Updated Their Models

It's shaping up to be a tough period for Energean plc ( LON:ENOG ), which a week ago released some disappointing annual...
Analysis Article Feb 28

Energean plc's (LON:ENOG) Intrinsic Value Is Potentially 83% Above Its Share Price

Key Insights Energean's estimated fair value is UK£18.10 based on 2 Stage Free Cash Flow to Equity Current share price...
Analysis Article Dec 19

Investors Interested In Energean plc's (LON:ENOG) Revenues

When you see that almost half of the companies in the Oil and Gas industry in the United Kingdom have price-to-sales...
Analysis Article Nov 13

Energean plc's (LON:ENOG) Intrinsic Value Is Potentially 63% Above Its Share Price

Key Insights Energean's estimated fair value is UK£13.84 based on 2 Stage Free Cash Flow to Equity Energean's UK£8.48...

Shareholder Returns

ENOGGB Oil and GasGB Market
7D-6.2%-6.1%-1.3%
1Y-21.6%19.6%17.3%

Return vs Industry: ENOG underperformed the UK Oil and Gas industry which returned 16.7% over the past year.

Return vs Market: ENOG underperformed the UK Market which returned 17.7% over the past year.

Price Volatility

Is ENOG's price volatile compared to industry and market?
ENOG volatility
ENOG Average Weekly Movement4.9%
Oil and Gas Industry Average Movement7.3%
Market Average Movement5.5%
10% most volatile stocks in GB Market11.1%
10% least volatile stocks in GB Market3.0%

Stable Share Price: ENOG has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: ENOG's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007583Mathios Rigaswww.energean.com

Energean plc engages in the exploration, production, and development of oil and gas. The company operates through Europe, Israel, and New Ventures segments. Its flagship project is the 100% owned Karish and Karish North projects located in Israel.

Energean plc Fundamentals Summary

How do Energean's earnings and revenue compare to its market cap?
ENOG fundamental statistics
Market capUK£1.26b
Earnings (TTM)-UK£194.63m
Revenue (TTM)UK£1.31b
1.0x
P/S Ratio
-6.6x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ENOG income statement (TTM)
RevenueUS$1.73b
Cost of RevenueUS$1.14b
Gross ProfitUS$583.22m
Other ExpensesUS$840.80m
Earnings-US$257.58m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-1.39
Gross Margin33.75%
Net Profit Margin-14.91%
Debt/Equity Ratio2,531.2%

How did ENOG perform over the long term?

See historical performance and comparison

Dividends

13.0%
Current Dividend Yield
-86%
Payout Ratio

Does ENOG pay a reliable dividends?

See ENOG dividend history and benchmarks
When do you need to buy ENOG by to receive an upcoming dividend?
Energean dividend dates
Ex Dividend DateJun 04 2026
Dividend Pay DateJun 30 2026
Days until Ex dividend17 days
Days until Dividend pay date9 days

Does ENOG pay a reliable dividends?

See ENOG dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/19 00:31
End of Day Share Price 2026/06/19 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Energean plc is covered by 11 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James CarmichaelBerenberg
Henry TarrBerenberg
Matthew SmithBofA Global Research