Genel Energy (LON:GENL) Given Speculative Buy Rating 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 reaffirmed by stock analysts at Canaccord Genuity Group in a research note issued to investors on Wednesday, Marketbeat.com reports. They presently have a GBX 80 ($1.08) price target on the stock. Canaccord Genuity Group's target price would suggest a potential upside of 31.15% from the company's previous close.

Genel Energy Trading Up 1.8%

Shares of GENL stock traded up GBX 1.10 ($0.01) during trading hours on Wednesday, reaching GBX 61 ($0.82). 97,764 shares of the stock were exchanged, compared to its average volume of 357,751. Genel Energy has a 12-month low of GBX 48.28 ($0.65) and a 12-month high of GBX 89.50 ($1.20). The company has a current ratio of 5.26, a quick ratio of 5.87 and a debt-to-equity ratio of 59.32. The company's 50-day moving average price is GBX 59.09 and its 200-day moving average price is GBX 59.57. The firm has a market capitalization of £211.83 million, a price-to-earnings ratio of -10.00, a price-to-earnings-growth ratio of -0.03 and a beta of 1.13.

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.