Genel Energy (LON:GENL) Trading 18.5% Higher – Should You Buy?

Genel Energy plc (LON:GENL) shares shot up 18.5% during trading on Friday . The stock traded as high as GBX 66.60 and last traded at GBX 59.20. 5,359,062 shares traded hands during mid-day trading, an increase of 1,735% from the average daily volume of 291,993 shares. The stock had previously closed at GBX 49.95.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 90 target price on shares of Genel Energy in a research note on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 90.

Genel Energy Price Performance

The company has a fifty day simple moving average of GBX 52.74 and a 200-day simple moving average of GBX 54.99. The company has a market cap of £163.14 million, a P/E ratio of -18.50, a PEG ratio of -0.03 and a beta of 0.57. The company has a debt-to-equity ratio of 25.84, a current ratio of 2.70 and a quick ratio of 5.87.

Genel Energy (LON:GENL) last posted 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 12.99% and a negative return on equity of 2.51%. On average, sell-side analysts predict that Genel Energy plc will post 1.9683835 earnings per share for the current year.

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.