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

Genel Energy plc (LON:GENL)’s stock price 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 were traded during mid-day 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 reaffirmed a “buy” rating and set a GBX 90 price target on shares of Genel Energy in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 85.

Genel Energy Stock Performance

The company has a current ratio of 2.79, a quick ratio of 5.87 and a debt-to-equity ratio of 25.10. The company has a market cap of £163.86 million, a P/E ratio of -3.02, a price-to-earnings-growth ratio of -0.03 and a beta of 0.42. The company has a 50 day moving average price of GBX 60.20 and a 200-day moving average price of GBX 62.19.

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.