Genel Energy (LON:GENL) Stock Crosses Below 200-Day Moving Average – Here’s Why

Genel Energy plc (LON:GENL)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 62.16 and traded as low as GBX 55.30. Genel Energy shares last traded at GBX 55.50, with a volume of 100,036 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group boosted their price target on shares of Genel Energy from GBX 85 to GBX 90 and gave the company a “buy” rating in a research report on Monday, October 20th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 85.

Genel Energy Stock Performance

The company has a debt-to-equity ratio of 59.32, a quick ratio of 5.87 and a current ratio of 5.26. The stock has a market cap of £152.81 million, a PE ratio of -2.82, a PEG ratio of -0.03 and a beta of 1.13. The company’s 50-day moving average price is GBX 61.78 and its two-hundred day moving average price is GBX 62.16.

Insider Activity

In other news, insider Yetik Mert sold 39,507 shares of the company’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of GBX 58, for a total value of £22,914.06. Insiders own 26.33% of the company’s stock.

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.