Insider Selling: Genel Energy (LON:GENL) Insider Sells 11,152 Shares of Stock

Genel Energy plc (LON:GENL) insider Yetik Mert sold 11,152 shares of the firm’s stock in a transaction on Thursday, November 27th. The shares were sold at an average price of GBX 58, for a total transaction of £6,468.16.

Yetik Mert also recently made the following trade(s):

• On Friday, November 28th, Yetik Mert sold 39,507 shares of Genel Energy stock. The stock was sold at an average price of GBX 58, for a total transaction of £22,914.06.

Genel Energy Price Performance

Shares of GENL traded up GBX 0.90 during midday trading on Monday, hitting GBX 59.90. 162,903 shares of the company traded hands, compared to its average volume of 363,084. The stock has a market cap of £164.93 million, a price-to-earnings ratio of -3.04, a PEG ratio of -0.03 and a beta of 1.13. The firm has a 50 day moving average of GBX 65.22 and a 200-day moving average of GBX 61.73. The company has a debt-to-equity ratio of 59.32, a quick ratio of 5.87 and a current ratio of 5.26. Genel Energy plc has a 52 week low of GBX 48.28 and a 52 week high of GBX 89.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GENL shares. Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 80 price target on shares of Genel Energy in a research note on Wednesday, August 6th. Jefferies Financial Group upped their price objective on Genel Energy from GBX 85 to GBX 90 and gave the stock a “buy” rating in a report on Monday, October 20th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 85.

Genel Energy Company Profile

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.