Energean plc (EERGF) Research
Energean plc is an energy company primarily involved in the discovery, development, and extraction of oil and natural gas. Its operational footprint extends across four distinct segments: Europe, Israel, Egypt, and various new ventures. The firm holds significant assets in the Eastern Mediterranean, with its most prominent endeavor being the Karish and Tanin field development located offshore Israel. Energean possesses substantial hydrocarbon reserves, estimated at 965 million barrels of oil equivalent, covering proven, probable, and contingent resources. Additionally, the company provides financial services and holds a license for natural gas transportation. Established in 2007 and headquartered in London, United Kingdom, the company rebranded as Energean plc in May 2020, having previously operated under the name Energean Oil & Gas plc.
Market snapshot
- Symbol
- EERGF
- Price
- $9.50
- Day change
- 0.00%
- Market cap
- $1.7B
- P/E ratio
- -6.55x
- 52-week range
- 9.45-13.82
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Next earnings
- in 2 months
Recent news
- Gas producer Energean cuts 2026 output forecast after Mideast war halts production
Eastern Mediterranean-focused gas producer Energean lowered its 2026 production forecast on Wednesday, after the shutdown of its production vessel serving multiple Israeli fields impacted operations.
- Energean hopes for major discovery off western Greece, says CEO
Oil and gas producer Energean will aim for a big discovery of hydrocarbons off western Greece where the first test drilling could take place as early as next year, CEO Mathios Rigas said on Wednesday.
- ExxonMobil, Energean to sign contract for first test gas drilling off Greece in years
U.S. oil major ExxonMobil , Energean and Helleniq Energy will sign a contract on Wednesday with Stena Drilling to start exploratory drilling in a western Greek offshore block, Greece's energy ministry said on Tuesday.
Peer companies
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