Genel Energy (LON:GENL) Share Price Passes Above 200 Day Moving Average of $0.00

Shares of Genel Energy plc (LON:GENL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0 ($0.00) and traded as high as GBX 161.04 ($2.10). Genel Energy shares last traded at GBX 160.60 ($2.10), with a volume of 243,430 shares.

GENL has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Genel Energy from GBX 217 ($2.84) to GBX 234 ($3.06) and gave the stock an “overweight” rating in a research report on Tuesday, May 11th. Canaccord Genuity upgraded Genel Energy to a “buy” rating and boosted their target price for the stock from GBX 195 ($2.55) to GBX 210 ($2.74) in a research report on Wednesday, March 31st.

The stock has a market cap of £446.95 million and a P/E ratio of -1.45. The company has a debt-to-equity ratio of 38.51, a quick ratio of 2.16 and a current ratio of 2.16. The company has a 50-day simple moving average of GBX 157.11.

Genel Energy Company Profile (LON:GENL)

Genel Energy plc, through its subsidiaries, engages in the oil and gas exploration and production activities. It operates through two segments, Production and Pre-production. The Production segment holds interest in oil producing fields on the Tawke PSC (Tawke and Peshkabir), the Taq Taq PSC, and Sarta PSC located in the Kurdistan Region of Iraq.

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