Insider Selling: Genel Energy (LON:GENL) Insider Sells 39,507 Shares of Stock

Genel Energy plc (LON:GENL) insider Yetik Mert sold 39,507 shares of the business’s stock in a transaction dated Friday, November 28th. The stock was 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 shares were sold at an average price of GBX 58, for a total transaction of £6,468.16.

Genel Energy Stock Performance

Genel Energy stock traded up GBX 0.90 during midday trading on Monday, reaching GBX 59.90. 162,903 shares of the company’s stock were exchanged, compared to its average volume of 363,084. The stock’s 50-day simple moving average is GBX 65.22 and its 200 day simple moving average is GBX 61.73. The firm has a market cap of £164.93 million, a price-to-earnings ratio of -3.04, a P/E/G ratio of -0.03 and a beta of 1.13. The company has a debt-to-equity ratio of 59.32, a quick ratio of 5.87 and a current ratio of 5.26. Genel Energy plc has a 52 week low of GBX 48.28 and a 52 week high of GBX 89.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 80 target price on shares of Genel Energy in a report on Wednesday, August 6th. Jefferies Financial Group lifted their price objective 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 analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 85.

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.