Genel Energy's (GENL) "Buy" Rating Reiterated at Jefferies Financial Group

Key Points

• Jefferies reiterated a Buy rating on Genel Energy with a GBX 90 price target, implying about a 76.13% upside from the current share price.
• Genel shares opened at GBX 51.10, trade in a 1‑year range of GBX 50.20–83.29, have a market cap of £140.82 million and a negative P/E of -15.97, reflecting current unprofitability.
• Genel is a low‑cost, low‑carbon oil producer in the Kurdistan Region with exploration assets in Oman, Morocco and Somaliland, and its strategy aims to rebuild cash flows and restart a regular dividend.

Genel Energy (LON:GENL - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Friday,Digital Look reports. They currently have a GBX 90 price target on the stock. Jefferies Financial Group's target price indicates a potential upside of 76.13% from the stock's current price.

Genel Energy Stock Performance

Shares of LON:GENL opened at GBX 51.10 on Friday. Genel Energy has a 1-year low of GBX 50.20 and a 1-year high of GBX 83.29. The stock has a market capitalization of £140.82 million, a P/E ratio of -15.97, a P/E/G ratio of -0.03 and a beta of 0.52. The company has a current ratio of 2.70, a quick ratio of 5.87 and a debt-to-equity ratio of 25.84. The business has a 50-day moving average price of GBX 55.30 and a two-hundred day moving average price of GBX 58.52.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.