Genel Energy (LON:GENL) Trading Down 12.9% – Here’s What Happened

Genel Energy plc (LON:GENLGet Free Report) shares were down 12.9% during mid-day trading on Friday . The company traded as low as GBX 51.09 and last traded at GBX 55.40. 3,375,803 shares changed hands during trading, an increase of 854% from the average daily volume of 354,035 shares. The stock had previously closed at GBX 63.60.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 90 price target on shares of Genel Energy in a research note on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 90.

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Genel Energy Stock Performance

The business’s fifty day moving average is GBX 58.20 and its two-hundred day moving average is GBX 55.85. The company has a quick ratio of 5.87, a current ratio of 2.44 and a debt-to-equity ratio of 27.13. The stock has a market capitalization of £152.67 million, a PE ratio of -17.31, a price-to-earnings-growth ratio of -0.03 and a beta of 0.57.

Genel Energy (LON:GENLGet Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported GBX (6.30) earnings per share (EPS) for the quarter. Genel Energy had a negative net margin of 57.83% and a negative return on equity of 7.79%. As a group, research analysts anticipate that Genel Energy plc will post 1.9683835 EPS for the current fiscal year.

Genel Energy Company Profile

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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.

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