Yetik Mert Sells 39,507 Shares of Genel Energy (LON:GENL) Stock

Genel Energy plc (LON:GENL) insider Yetik Mert sold 39,507 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of GBX 58, for a total transaction of £22,914.06.

Yetik Mert also recently made the following trade(s):

• On Thursday, November 27th, Yetik Mert sold 11,152 shares of Genel Energy stock. The stock was sold at an average price of GBX 58, for a total transaction of £6,468.16.

Genel Energy Stock Down 3.3%

GENL stock opened at GBX 57.90 on Wednesday. The company has a 50 day moving average price of GBX 64.58 and a two-hundred day moving average price of GBX 61.80. The company has a debt-to-equity ratio of 59.32, a quick ratio of 5.87 and a current ratio of 5.26. The stock has a market capitalization of £159.42 million, a P/E ratio of -2.94, a PEG ratio of -0.03 and a beta of 1.13. Genel Energy plc has a one year low of GBX 48.28 and a one year high of GBX 83.29.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on GENL shares. Jefferies Financial Group increased their target price on Genel Energy from GBX 85 to GBX 90 and gave the stock a “buy” rating in a research report on Monday, October 20th. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 80 price objective on shares of Genel Energy in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 85.

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.