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

Genel Energy plc (LON:GENL) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 55.82 and traded as low as GBX 51.10. Genel Energy shares last traded at GBX 52.60, with a volume of 108,013 shares traded.

Analyst Ratings Changes

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 Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Genel Energy has a consensus rating of “Buy” and a consensus price target of GBX 85.

Genel Energy Trading Up 2.3%

The company has a market capitalization of £144.95 million, a price-to-earnings ratio of -16.44, a price-to-earnings-growth ratio of -0.03 and a beta of 0.57. The company has a debt-to-equity ratio of 25.84, a quick ratio of 5.87 and a current ratio of 2.70. The firm has a fifty day moving average price of GBX 52.74 and a 200-day moving average price of GBX 55.82.

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.