Genel Energy (LON:GENL) Stock Crosses Above 200 Day Moving Average of $81.71

Genel Energy plc (LON:GENL)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 81.71 ($1.04) and traded as high as GBX 98.40 ($1.25). Genel Energy shares last traded at GBX 98 ($1.25), with a volume of 364,796 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group dropped their target price on shares of Genel Energy from GBX 110 ($1.40) to GBX 105 ($1.33) and set a “speculative buy” rating for the company in a report on Wednesday, March 27th.

Genel Energy Trading Up 0.1 %

The business has a 50 day moving average of GBX 89.98 and a 200-day moving average of GBX 81.71. The stock has a market cap of £271.91 million, a PE ratio of -1,225.00, a price-to-earnings-growth ratio of -0.03 and a beta of 1.22. The company has a current ratio of 6.25, a quick ratio of 5.87 and a debt-to-equity ratio of 56.42.

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.