Genel Energy (LON:GENL) Shares Pass Above 200 Day Moving Average - Should You Sell?

Key Points

• Genel Energy shares have surpassed their 200-day moving average, currently trading at GBX 67.90 ($0.92) against a moving average of GBX 59.26 ($0.80).
• The stock holds a consensus rating of "Buy" with a target price of GBX 80, as reaffirmed by Canaccord Genuity.
• Genel Energy's financial metrics include a market cap of £174.56 million and a notably high debt-to-equity ratio of 59.32.

Shares of Genel Energy plc (LON:GENL - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 59.26 ($0.80) and traded as high as GBX 68.30 ($0.93). Genel Energy shares last traded at GBX 67.90 ($0.92), with a volume of 105,801 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 80 price objective on shares of Genel Energy in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Genel Energy currently has a consensus rating of "Buy" and an average target price of GBX 80.

Genel Energy Stock Performance

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 stock has a fifty day moving average price of GBX 63.06 and a 200 day moving average price of GBX 59.33. The firm has a market cap of £174.56 million, a price-to-earnings ratio of -321.83, a price-to-earnings-growth ratio of -0.03 and a beta of 1.13.

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.