Genel Energy (GENL) Stock Price Down 10.1%
Genel Energy PLC (LON:GENL) shares traded down 10.1% on Thursday . The stock traded as low as GBX 179.80 ($2.35) and last traded at GBX 180.60 ($2.36). 1,559,857 shares were traded during mid-day trading, an increase of 255% from the average session volume of 439,099 shares. The stock had previously closed at GBX 201 ($2.63).
Separately, JPMorgan Chase & Co. upped their target price on shares of Genel Energy from GBX 287 ($3.75) to GBX 290 ($3.79) and gave the stock an “overweight” rating in a research report on Tuesday, November 20th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 240.50 ($3.14).
In other news, insider Stephen Whyte acquired 6,642 shares of the stock in a transaction dated Wednesday, October 17th. The stock was purchased at an average cost of GBX 235 ($3.07) per share, with a total value of £15,608.70 ($20,395.53).
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Genel Energy plc engages in the oil and gas exploration and production activities. It operates through three segments: Oil producing Assets, Miran and Bina Bawi Assets, and Exploration Assets. The company holds interests in the Taq Taq and Tawke oil producing fields, as well as Miran and Bina Bawi gas assets in the Kurdistan Region of Iraq; and exploration assets in Somaliland and Morocco.
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