Genel Energy (LON:GENL) Stock Price Up 9.7% – Time to Buy?

Genel Energy plc (LON:GENL) shot up 9.7% during trading on Wednesday . The stock traded as high as GBX 60.91 and last traded at GBX 60.02. 600,768 shares traded hands during trading, an increase of 65% from the average session volume of 364,176 shares. The stock had previously closed at GBX 54.70.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 90 target price on shares of Genel Energy in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 85.

Genel Energy Trading Up 8.8%

The business’s 50 day simple moving average is GBX 60.20 and its two-hundred day simple moving average is GBX 62.19. The stock has a market cap of £163.86 million, a P/E ratio of -3.02, a PEG ratio of -0.03 and a beta of 0.42. The company has a quick ratio of 5.87, a current ratio of 2.79 and a debt-to-equity ratio of 25.10.

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.