Genel Energy (OTCMKTS:GEGYY) Rating Increased to Buy at Zacks Investment Research

Genel Energy (OTCMKTS:GEGYYGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, reports. The brokerage currently has a $2.25 price objective on the stock. Zacks Investment Research‘s target price suggests a potential upside of 9.22% from the stock’s current price.

According to Zacks, “Genel Energy PLC is an oil and gas exploration and production company. It reserves and resources located primarily in the Kurdistan Region of Iraq. Genel Energy PLC is headquartered in London. “

GEGYY opened at $2.06 on Tuesday. The company has a quick ratio of 4.41, a current ratio of 4.41 and a debt-to-equity ratio of 0.46. Genel Energy has a twelve month low of $1.64 and a twelve month high of $2.46. The business’s 50 day moving average is $2.20 and its 200-day moving average is $1.99.

About Genel Energy (Get Rating)

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).

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