Genel Energy (LON:GENL) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Genel Energy plc (LON:GENL) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 62.33 and traded as low as GBX 57. Genel Energy shares last traded at GBX 57, with a volume of 100,460 shares changing hands.

Analyst Ratings Changes

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

Genel Energy Stock Performance

The company has a debt-to-equity ratio of 59.32, a current ratio of 5.26 and a quick ratio of 5.87. The stock has a market cap of £156.94 million, a price-to-earnings ratio of -2.89, a P/E/G ratio of -0.03 and a beta of 1.13. The stock’s 50-day moving average is GBX 60.67 and its 200 day moving average is GBX 62.33.

Insider Activity

In other news, insider Yetik Mert sold 39,507 shares of the stock in a transaction dated Friday, November 28th. The shares were sold at an average price of GBX 58, for a total transaction of £22,914.06. Company 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.