Genel Energy (LON:GENL) Stock Crosses Below 200-Day Moving Average – Here’s Why

Shares of Genel Energy plc (LON:GENL) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 62.16 and traded as low as GBX 55.30. Genel Energy shares last traded at GBX 55.50, with a volume of 100,036 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lifted their target price on shares of Genel Energy from GBX 85 to GBX 90 and gave the stock a “buy” rating in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 85.

Genel Energy Stock Performance

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 stock has a market cap of £152.81 million, a PE ratio of -2.82, a price-to-earnings-growth ratio of -0.03 and a beta of 1.13. The business has a 50 day moving average price of GBX 61.78 and a two-hundred day moving average price of GBX 62.16.

Insiders Place Their Bets

In other Genel Energy news, insider Yetik Mert sold 39,507 shares of the firm’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of GBX 58, for a total value of £22,914.06. 26.33% of the stock is owned by insiders.

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.