Genel Energy (LON:GENL) Stock Price Crosses Above 200 Day Moving Average of $79.02

Genel Energy plc (LON:GENL)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 79.02 ($0.99) and traded as high as GBX 87.40 ($1.10). Genel Energy shares last traded at GBX 87 ($1.09), with a volume of 263,530 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered their price target on Genel Energy from GBX 110 ($1.38) to GBX 105 ($1.32) and set a “speculative buy” rating for the company in a report on Wednesday, March 27th.

Genel Energy Stock Up 0.3 %

The company has a current ratio of 6.25, a quick ratio of 5.87 and a debt-to-equity ratio of 56.44. The business has a 50-day moving average price of GBX 83.99 and a 200-day moving average price of GBX 79.02. The firm has a market cap of £243.86 million, a P/E ratio of -174.00, a P/E/G ratio of -0.03 and a beta of 1.26.

Genel Energy Company Profile

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; and 44% working interest in the Taq Taq PSC. The Pre-Production segment holds a 50% working interest in Odewayne and 51% working interest in SL10B13 block located in Somaliland; and 75% working interest in Lagzira block in Morocco.