Genel Energy (LON:GENL) Shares Pass Above Two Hundred Day Moving Average of $79.02

Shares of Genel Energy plc (LON:GENL) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their price objective on shares of Genel Energy from GBX 110 ($1.38) to GBX 105 ($1.32) and set a “speculative buy” rating on the stock in a research report on Wednesday, March 27th.

Genel Energy Price Performance

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

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; 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.