Genel Energy (LON:GENL) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Genel Energy plc (LON:GENL) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 62.46 and traded as low as GBX 57.60. Genel Energy shares last traded at GBX 59.50, with a volume of 48,278 shares trading hands.

Wall Street Analyst Weigh In

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

Genel Energy Trading Up 0.3%

The company has a current ratio of 5.26, a quick ratio of 5.87 and a debt-to-equity ratio of 59.32. The company has a market cap of £164.37 million, a price-to-earnings ratio of -3.03, a price-to-earnings-growth ratio of -0.03 and a beta of 1.13. The firm has a 50-day moving average price of GBX 59.82 and a 200 day moving average price of GBX 62.50.

Insider Transactions at Genel Energy

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