Genel Energy (LON:GENL) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Genel Energy plc (LON:GENL) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 62.28 and traded as low as GBX 59.10. Genel Energy shares last traded at GBX 59.10, with a volume of 506,982 shares.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 90 target price 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 MarketBeat.com, Genel Energy has a consensus rating of “Buy” and a consensus target price of GBX 85.

Genel Energy Price Performance

The company has a quick ratio of 5.87, a current ratio of 5.26 and a debt-to-equity ratio of 59.32. The stock has a market cap of £164.10 million, a P/E ratio of -3.03, a P/E/G ratio of -0.03 and a beta of 1.13. The firm has a 50 day moving average price of GBX 59.07 and a 200 day moving average price of GBX 62.28.

Insider Buying and Selling

In other Genel Energy news, insider Yetik Mert sold 39,507 shares of Genel Energy stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of GBX 58, for a total transaction of £22,914.06. Insiders own 26.33% of the company’s stock.

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.