Genel Energy (LON:GENL) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Genel Energy plc (LON:GENL)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 62.35 and traded as high as GBX 64.57. Genel Energy shares last traded at GBX 63, with a volume of 186,942 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 90 price target on shares of Genel Energy in a research note on Wednesday, February 4th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 85.

Genel Energy Stock Performance

The stock has a market capitalization of £173.46 million, a P/E ratio of -3.20, a P/E/G ratio of -0.03 and a beta of 1.13. The company has a quick ratio of 5.87, a current ratio of 5.26 and a debt-to-equity ratio of 59.32. The business has a fifty day moving average price of GBX 59.48 and a 200-day moving average price of GBX 62.35.

Insider Transactions at Genel Energy

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

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.