Genel Energy (LON:GENL) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Genel Energy plc (LON:GENL) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 60.76 and traded as low as GBX 53.70. Genel Energy shares last traded at GBX 54.60, with a volume of 66,901 shares.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 90 target price on shares of Genel Energy in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 85.

Genel Energy Price Performance

The company has a market cap of £150.46 million, a price-to-earnings ratio of -17.06, a PEG ratio of -0.03 and a beta of 0.42. The company has a 50-day simple moving average of GBX 58.36 and a 200-day simple moving average of GBX 60.76. The company has a debt-to-equity ratio of 25.84, a quick ratio of 5.87 and a current ratio of 2.70.

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.