Genel Energy (LON:GENL) Stock Price Up 18.5% – Still a Buy?

Genel Energy plc (LON:GENL) shares traded up 18.5% on Friday . The stock traded as high as GBX 66.60 and last traded at GBX 59.20. 5,359,062 shares were traded 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.

Wall Street Analyst Weigh In

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

Genel Energy Stock Up 18.5%

The company has a quick ratio of 5.87, a current ratio of 2.70 and a debt-to-equity ratio of 25.84. The company has a market capitalization of £163.14 million, a PE ratio of -18.50, a price-to-earnings-growth ratio of -0.03 and a beta of 0.57. The business’s 50 day simple moving average is GBX 52.90 and its 200 day simple moving average is GBX 55.02.

Genel Energy (LON:GENL) last released its 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%. As a group, analysts forecast that Genel Energy plc will post 1.9683835 EPS 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.