Genel Energy’s (GENL) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Genel Energy (LON:GENL) in a report published on Wednesday, MarketBeat Ratings reports. The firm currently has a GBX 90 target price on the stock.

Genel Energy Trading Down 0.8%

LON:GENL opened at GBX 60.30 on Wednesday. The business’s 50-day moving average is GBX 58.94 and its two-hundred day moving average is GBX 62.31. The firm has a market capitalization of £166.03 million, a PE ratio of -3.06, a price-to-earnings-growth ratio of -0.03 and a beta of 1.13. Genel Energy has a 12 month low of GBX 48.28 and a 12 month high of GBX 83.29. The company has a debt-to-equity ratio of 59.32, a current ratio of 5.26 and a quick ratio of 5.87.

Insider Activity

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

Genel Energy Company Profile

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.