Genel Energy (LON:GENL) Share Price Crosses Above Two Hundred Day Moving Average of $81.71

Shares of Genel Energy plc (LON:GENL) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price objective on shares of 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 Price Performance

The firm 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 stock has a 50 day simple moving average of GBX 89.98 and a two-hundred day simple moving average of GBX 81.71. The company has a debt-to-equity ratio of 56.42, a quick ratio of 5.87 and a current ratio of 6.25.

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.