Genel Energy (LON:GENL) Trading 9.9% Higher – Still a Buy?

Genel Energy plc (LON:GENL)’s stock price shot up 9.9% on Monday . The stock traded as high as GBX 60.20 and last traded at GBX 60.10. 614,293 shares were traded during trading, an increase of 67% from the average session volume of 368,877 shares. The stock had previously closed at GBX 54.70.

Wall Street Analyst Weigh In

GENL has been the topic of several research reports. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 80 price objective on shares of Genel Energy in a research note on Wednesday, August 6th. Jefferies Financial Group boosted their price target on shares of Genel Energy from GBX 85 to GBX 90 and gave the company a “buy” rating in a report on Monday, October 20th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Genel Energy presently has a consensus rating of “Buy” and an average target price of GBX 85.

Genel Energy Stock Performance

The stock’s 50-day moving average price is GBX 65.79 and its 200 day moving average price is GBX 61.32. The company has a quick ratio of 5.87, a current ratio of 5.26 and a debt-to-equity ratio of 59.32. The company has a market cap of £169.61 million, a P/E ratio of -3.13, a price-to-earnings-growth ratio of -0.03 and a beta of 1.13.

About Genel Energy

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.