Genel Energy (LON:GENL) Shares Climb 8.3% – Still a Buy?

Genel Energy plc (LON:GENL)’s share price rose 8.3% during trading on Thursday. The stock traded as high as GBX 60.65 and last traded at GBX 59. Approximately 527,562 shares changed hands during trading, an increase of 54% from the average session volume of 342,327 shares. The stock had previously closed at GBX 54.50.

Genel Energy Stock Performance

The firm has a market capitalization of £164.52 million, a PE ratio of -6.15, a PEG ratio of -0.03 and a beta of 0.61. The company has a quick ratio of 5.87, a current ratio of 2.44 and a debt-to-equity ratio of 27.13. The company has a 50-day moving average of GBX 61.12 and a 200 day moving average of GBX 55.52.

Genel Energy (LON:GENL) last released its quarterly earnings results on Tuesday, August 4th. The company reported GBX (6.30) earnings per share for the quarter. Genel Energy had a negative net margin of 57.83% and a negative return on equity of 7.79%. Equities research analysts predict that Genel Energy plc will post 1.97 EPS for the current year.

Genel Energy Company Profile

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.