Genel Energy (LON:GENL) Stock Price Down 12.9% – Time to Sell?

Genel Energy plc (LON:GENL)’s stock price fell 12.9% during mid-day trading on Friday . The stock traded as low as GBX 51.09 and last traded at GBX 55.40. 3,375,803 shares were traded during mid-day trading, an increase of 854% from the average daily volume of 354,035 shares. The stock had previously closed at GBX 63.60.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 90 target price on shares of Genel Energy in a report on Friday, May 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 90.

Genel Energy Stock Down 12.9%

The company’s 50 day moving average is GBX 58.20 and its 200 day moving average is GBX 55.85. The company has a market cap of £152.67 million, a PE ratio of -17.31, a P/E/G ratio of -0.03 and a beta of 0.57. The company has a current ratio of 2.44, a quick ratio of 5.87 and a debt-to-equity ratio of 27.13.

Genel Energy (LON:GENL) last released its quarterly earnings data on Tuesday, August 4th. The company reported GBX (6.30) earnings per share (EPS) for the quarter. Genel Energy had a negative net margin of 57.83% and a negative return on equity of 7.79%. As a group, analysts predict that Genel Energy plc will post 1.9683835 earnings per share for the current fiscal 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.