Genel Energy (LON:GENL) Stock Price Up 18.5% – Here’s Why

Genel Energy plc (LON:GENL – Get Free Report)’s share price traded up 18.5% on Friday . The company traded as high as GBX 66.60 and last traded at GBX 59.20. 5,359,062 shares changed hands during mid-day trading, an increase of 1,735% from the average session volume of 291,993 shares. The stock had previously closed at GBX 49.95.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 90 price target on shares of Genel Energy in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Genel Energy currently has a consensus rating of “Buy” and an average target price of GBX 90.

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Genel Energy Stock Up 18.5%

The stock has a market capitalization of £163.14 million, a P/E ratio of -18.50, a PEG ratio of -0.03 and a beta of 0.57. The company has a debt-to-equity ratio of 25.84, a quick ratio of 5.87 and a current ratio of 2.70. The firm’s 50-day simple moving average is GBX 52.74 and its 200 day simple moving average is GBX 54.99.

Genel Energy (LON:GENL – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported GBX (6.30) EPS for the quarter. Genel Energy had a negative return on equity of 2.51% and a negative net margin of 12.99%. As a group, research analysts expect that Genel Energy plc will post 1.9683835 EPS for the current year.

Genel Energy Company Profile

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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.

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