Genel Energy (LON:GENL) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Genel Energy plc (LON:GENL) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 62.58 and traded as low as GBX 55.70. Genel Energy shares last traded at GBX 57.60, with a volume of 177,539 shares trading hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upped 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 data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 85.

Genel Energy Stock Up 1.2%

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 firm has a market cap of £158.59 million, a P/E ratio of -2.92, a PEG ratio of -0.03 and a beta of 1.13. The firm’s 50-day moving average price is GBX 59.14 and its 200 day moving average price is GBX 62.58.

Insider Buying and Selling at Genel Energy

In related 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 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.