Genel Energy's (GENL) Speculative Buy Rating Reaffirmed at Canaccord Genuity Group

Key Points

• Genel Energy received a "speculative buy" rating from Canaccord Genuity Group, setting a price target of GBX 80 ($1.06), which suggests a potential upside of 31.19% from its current price.
• The company's stock was trading at GBX 60.98 ($0.81) with a market cap of approximately £211.76 million and a notable debt-to-equity ratio of 59.32.
• Genel Energy is focused on resilient cash flows and aims to restart the payment of a regular dividend while operating as a socially responsible oil producer in the Kurdistan Region of Iraq.

Genel Energy (LON:GENL - Get Free Report)'s stock had its "speculative buy" rating reissued by research analysts at Canaccord Genuity Group in a note issued to investors on Wednesday, MarketBeat.com reports. They currently have a GBX 80 ($1.08) target price on the stock. Canaccord Genuity Group's target price points to a potential upside of 33.56% from the stock's current price.

Genel Energy Trading Down 3.4%

Shares of Genel Energy stock traded down GBX 2.10 ($0.03) on Wednesday, hitting GBX 59.90 ($0.81). The stock had a trading volume of 310,145 shares, compared to its average volume of 359,461. The stock has a 50 day moving average of GBX 58.93 and a 200 day moving average of GBX 59.64. The firm has a market capitalization of £208.01 million, a P/E ratio of -9.82, a PEG ratio of -0.03 and a beta of 1.13. Genel Energy has a twelve month low of GBX 48.28 ($0.65) and a twelve month high of GBX 89.50 ($1.20). 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 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.