Genel Energy (LON:GENL) Stock Passes Below 200 Day Moving Average – Here’s Why
by Amy Steele · The Cerbat GemGenel Energy plc (LON:GENL – Get Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 61.29 and traded as low as GBX 50.56. Genel Energy shares last traded at GBX 51.90, with a volume of 718,836 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 90 price objective on shares of Genel Energy in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Genel Energy presently has a consensus rating of “Buy” and an average price target of GBX 85.
View Our Latest Research Report on GENL
Genel Energy Stock Performance
The company has a debt-to-equity ratio of 25.84, a current ratio of 2.70 and a quick ratio of 5.87. The stock has a market capitalization of £142.90 million, a PE ratio of -2.63, a P/E/G ratio of -0.03 and a beta of 0.42. The firm has a fifty day moving average price of GBX 59.08 and a two-hundred day moving average price of GBX 61.22.
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.