Genel Energy (LON:GENL) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Genel Energy plc (LON:GENLGet Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 55.82 and traded as low as GBX 51.10. Genel Energy shares last traded at GBX 52.60, with a volume of 108,013 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 90 target price on shares of Genel Energy in a research report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 85.

Check Out Our Latest Analysis on Genel Energy

Genel Energy Stock Performance

The stock has a market cap of £141.37 million, a price-to-earnings ratio of -16.03, a PEG ratio of -0.03 and a beta of 0.57. The company’s 50 day simple moving average is GBX 52.75 and its 200 day simple moving average is GBX 55.79. The company has a debt-to-equity ratio of 25.84, a quick ratio of 5.87 and a current ratio of 2.70.

About Genel Energy

(Get Free Report)

Genel Energy is a socially responsible oil producer with a low-cost and low-carbon production asset in the Kurdistan Region of Iraq and exploration assets in Oman, Morocco and Somaliland and listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). Genel’s strategy is designed to build a business with resilient and diversified cash flows that delivers sustainable value to shareholders, and with the aim of restarting the payment of a regular dividend.

Further Reading

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