Genel Energy (LON:GENL) Stock Passes Above Two Hundred Day Moving Average of $79.78

Genel Energy plc (LON:GENLGet Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 79.78 ($1.01) and traded as high as GBX 94.50 ($1.20). Genel Energy shares last traded at GBX 92.10 ($1.17), with a volume of 136,718 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their target price on Genel Energy from GBX 110 ($1.40) to GBX 105 ($1.33) and set a “speculative buy” rating on the stock in a report on Wednesday, March 27th.

View Our Latest Analysis on GENL

Genel Energy Stock Performance

The company’s 50-day moving average price is GBX 86.19 and its two-hundred day moving average price is GBX 79.78. The company has a market capitalization of £253.62 million, a price-to-earnings ratio of -1,151.25, a PEG ratio of -0.03 and a beta of 1.22. The company has a debt-to-equity ratio of 56.42, a current ratio of 6.25 and a quick ratio of 5.87.

Genel Energy Company Profile

(Get Free Report)

Genel Energy plc, through its subsidiaries, operates as an independent oil and gas exploration and production company. It operates through two segments, Production and Pre-production. The Production segment holds a 25% working interest in the Tawke PSC; and 44% working interest in the Taq Taq PSC. The Pre-Production segment holds a 50% working interest in Odewayne and 51% working interest in SL10B13 block located in Somaliland; and 75% working interest in Lagzira block in Morocco.

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