Genel Energy (OTCMKTS:GEGYF) Trading Down 0.8%

Genel Energy plc (OTCMKTS:GEGYFGet Rating) traded down 0.8% during mid-day trading on Tuesday . The stock traded as low as $1.65 and last traded at $1.65. 1,900 shares were traded during trading, an increase of 56% from the average session volume of 1,215 shares. The stock had previously closed at $1.66.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered Genel Energy from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from GBX 177 ($2.14) to GBX 182 ($2.20) in a report on Friday, May 13th.

Genel Energy Price Performance

The firm’s 50-day moving average price is $1.77 and its 200 day moving average price is $1.94.

Genel Energy Company Profile

(Get Rating)

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; 44% working interest in the Taq Taq PSC; and 30% working interest in the Sarta PSC located in the Kurdistan Region of Iraq (KRI).

Further Reading

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