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

Shares of Genel Energy plc (LON:GENL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 62.35 and traded as high as GBX 64.57. Genel Energy shares last traded at GBX 63, with a volume of 186,942 shares trading hands.

Analysts Set New Price Targets

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

Genel Energy Trading Down 1.6%

The company has a debt-to-equity ratio of 59.32, a quick ratio of 5.87 and a current ratio of 5.26. The company has a market cap of £173.46 million, a price-to-earnings ratio of -3.20, a P/E/G ratio of -0.03 and a beta of 1.13. The company’s fifty day moving average is GBX 59.48 and its two-hundred day moving average is GBX 62.35.

Insiders Place Their Bets

In other Genel Energy news, insider Yetik Mert sold 39,507 shares of the stock in a transaction dated Friday, November 28th. The stock was sold at an average price of GBX 58, for a total transaction of £22,914.06. Corporate 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.