GENEL ENERGY PL/ADR (GEGYY) Upgraded at Zacks Investment Research
GENEL ENERGY PL/ADR (OTCMKTS:GEGYY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The brokerage currently has a $3.50 target price on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 12.54% from the company’s previous close.
According to Zacks, “Genel Energy PLC is an oil and gas exploration and production company. It reserves and resources located primarily in the Kurdistan Region of Iraq. Genel Energy PLC is headquartered in London. “
GEGYY remained flat at $$3.11 during trading on Thursday. The company’s stock had a trading volume of 10 shares. GENEL ENERGY PL/ADR has a one year low of $1.27 and a one year high of $3.96. The firm has a market capitalization of $867.78 million, a price-to-earnings ratio of 2.64 and a beta of -1.07.
Genel Energy plc engages in the oil and gas exploration and production activities. It operates through three segments: Oil producing Assets, Miran and Bina Bawi Assets, and Exploration Assets. The company holds interests in the Taq Taq and Tawke oil producing fields, as well as Miran and Bina Bawi gas assets in the Kurdistan Region of Iraq; and exploration assets in Somaliland and Morocco.
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