Genel Energy (LON:GENL) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of Genel Energy plc (LON:GENL) passed 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.

Analyst Upgrades and Downgrades

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

Genel Energy Stock Performance

The business has a 50 day moving average price of GBX 59.14 and a 200 day moving average price of GBX 62.64. The stock has a market capitalization of £158.59 million, a PE ratio of -2.92, a PEG ratio of -0.03 and a beta of 1.13. The company has a debt-to-equity ratio of 59.32, a current ratio of 5.26 and a quick ratio of 5.87.

Insider Buying and Selling at Genel Energy

In related news, insider Yetik Mert sold 39,507 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of GBX 58, for a total value of £22,914.06. 26.33% of the stock is owned by company insiders.

Genel Energy Company Profile

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.