Genel Energy PLC (LON:GENL) Insider Tolga Bilgin Acquires 170,618 Shares

Genel Energy PLC (LON:GENL) insider Tolga Bilgin purchased 170,618 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was acquired at an average cost of GBX 84 ($1.10) per share, with a total value of £143,319.12 ($188,528.18).

GENL stock opened at GBX 116 ($1.53) on Friday. The company has a current ratio of 6.84, a quick ratio of 6.70 and a debt-to-equity ratio of 21.78. Genel Energy PLC has a one year low of GBX 79.10 ($1.04) and a one year high of GBX 233.50 ($3.07). The firm has a market capitalization of $322.10 million and a PE ratio of -1.21. The firm has a 50-day moving average of GBX 139.91 and a two-hundred day moving average of GBX 177.69.

The company also recently announced a dividend, which will be paid on Monday, June 29th. Shareholders of record on Thursday, May 28th will be issued a $0.10 dividend. This represents a dividend yield of 14.42%. This is a boost from Genel Energy’s previous dividend of $0.05. The ex-dividend date is Thursday, May 28th. Genel Energy’s dividend payout ratio (DPR) is presently -0.08%.

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada downgraded shares of Genel Energy to an “underperform” rating and cut their price target for the company from GBX 250 ($3.29) to GBX 160 ($2.10) in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price target on shares of Genel Energy from GBX 285 ($3.75) to GBX 271 ($3.56) and set an “overweight” rating for the company in a report on Friday, January 10th.

About Genel Energy

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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