Genel Energy (LON:GENL) Share Price Crosses Above Two Hundred Day Moving Average of $0.00

Genel Energy PLC (LON:GENL) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $180.00. Genel Energy shares last traded at $179.74, with a volume of 579,416 shares changing hands.

A number of equities research analysts recently commented on GENL shares. Numis Securities reiterated a “buy” rating on shares of Genel Energy in a report on Monday, June 3rd. Canaccord Genuity upped their price objective on Genel Energy from GBX 305 ($3.99) to GBX 310 ($4.05) and gave the company a “buy” rating in a report on Tuesday, July 9th.

The business’s fifty day moving average price is GBX 189.99. The company has a market cap of $500.04 million and a price-to-earnings ratio of -1.88. The company has a current ratio of 6.84, a quick ratio of 6.70 and a debt-to-equity ratio of 21.78.

About Genel Energy (LON:GENL)

Genel Energy plc engages in the oil and gas exploration and production activities. It operates through three segments: Oil producing Assets, Miran and Bina Bawi Assets, and Exploration Assets. The company holds interests in the Taq Taq and Tawke oil producing fields, as well as Miran and Bina Bawi gas assets in the Kurdistan Region of Iraq; and exploration assets in Somaliland and Morocco.

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