Genel Energy (LON:GENL) Share Price Passes Below 200-Day Moving Average – What’s Next?

Genel Energy plc (LON:GENL)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 62.47 and traded as low as GBX 59.70. Genel Energy shares last traded at GBX 60.40, with a volume of 476,472 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group increased their target price on Genel Energy from GBX 85 to GBX 90 and gave the company a “buy” rating in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 85.

Genel Energy Trading Down 0.3%

The company has a 50-day moving average of GBX 58.93 and a 200 day moving average of GBX 62.47. The company has a debt-to-equity ratio of 59.32, a current ratio of 5.26 and a quick ratio of 5.87. The company has a market cap of £165.75 million, a PE ratio of -3.06, a price-to-earnings-growth ratio of -0.03 and a beta of 1.13.

Insider Activity at Genel Energy

In other news, insider Yetik Mert sold 39,507 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of GBX 58, for a total transaction of £22,914.06. Company insiders own 26.33% of the company’s stock.

About Genel Energy

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.