GENEL ENERGY PL/ADR (GEGYY) Rating Lowered to Hold at Zacks Investment Research
GENEL ENERGY PL/ADR (OTCMKTS:GEGYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Genel Energy PLC is an oil and gas exploration and production company. It reserves and resources located primarily in the Kurdistan Region of Iraq. Genel Energy PLC is headquartered in London. “
Shares of OTCMKTS GEGYY opened at $3.11 on Tuesday. The company has a market cap of $867.78 million, a PE ratio of 2.64 and a beta of -0.86. GENEL ENERGY PL/ADR has a 12 month low of $1.27 and a 12 month high of $3.96.
Genel Energy plc engages in the oil and gas exploration and production activities. It operates through three segments: Oil producing Assets, Miran and Bina Bawi Assets, and Exploration Assets. The company holds interests in the Taq Taq and Tawke oil producing fields, as well as Miran and Bina Bawi gas assets in the Kurdistan Region of Iraq; and exploration assets in Somaliland and Morocco.
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