Genel Energy (LON:GENL) Stock Passes Above Two Hundred Day Moving Average of $78.92

Genel Energy plc (LON:GENL) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 78.92 ($0.98) and traded as high as GBX 84.01 ($1.05). Genel Energy shares last traded at GBX 83.40 ($1.04), with a volume of 350,777 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their target price on Genel Energy from GBX 110 ($1.37) to GBX 105 ($1.31) and set a “speculative buy” rating for the company in a research note on Wednesday, March 27th.

Genel Energy Stock Performance

The firm has a market cap of £233.02 million, a PE ratio of -166.80, a price-to-earnings-growth ratio of -0.03 and a beta of 1.26. The company has a 50 day simple moving average of GBX 82.75 and a 200-day simple moving average of GBX 78.92. The company has a debt-to-equity ratio of 56.44, a current ratio of 6.25 and a quick ratio of 5.87.

About Genel Energy

Genel Energy plc, through its subsidiaries, operates as an independent oil and gas exploration and production company. It operates through two segments, Production and Pre-production. The Production segment holds a 25% working interest in the Tawke PSC; 44% working interest in the Taq Taq PSC; and 30% working interest in the Sarta PSC located in the Kurdistan Region of Iraq (KRI).