Genel Energy (LON:GENL) Stock Price Passes Above Two Hundred Day Moving Average of $82.73

Genel Energy plc (LON:GENL)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 82.73 ($1.05) and traded as high as GBX 97 ($1.23). Genel Energy shares last traded at GBX 95.60 ($1.21), with a volume of 181,366 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their target price on Genel Energy from GBX 110 ($1.40) to GBX 105 ($1.33) and set a “speculative buy” rating on the stock in a research note on Wednesday, March 27th.

Genel Energy Stock Down 0.2 %

The firm has a 50 day simple moving average of GBX 91.58 and a two-hundred day simple moving average of GBX 82.73. The company has a debt-to-equity ratio of 56.42, a quick ratio of 5.87 and a current ratio of 6.25. The stock has a market cap of £264.98 million, a P/E ratio of -1,195.00, a P/E/G ratio of -0.03 and a beta of 1.22.

Genel Energy Company Profile

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.