Genel Energy (LON:GENL) Stock Passes Below 200 Day Moving Average of $197.00

Genel Energy PLC (LON:GENL) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $197.00 and traded as low as $195.40. Genel Energy shares last traded at $196.80, with a volume of 439,111 shares traded.

Several equities analysts recently weighed in on GENL shares. Canaccord Genuity raised their price objective on shares of Genel Energy from GBX 305 ($3.99) to GBX 310 ($4.05) and gave the company a “buy” rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. decreased their price target on shares of Genel Energy from GBX 290 ($3.79) to GBX 285 ($3.72) and set an “overweight” rating on the stock in a research note on Friday, September 6th. Finally, Numis Securities restated a “buy” rating on shares of Genel Energy in a research note on Monday, June 3rd.

The company has a current ratio of 6.84, a quick ratio of 6.70 and a debt-to-equity ratio of 21.78. The stock has a market cap of $517.91 million and a P/E ratio of -1.95. The firm has a 50-day simple moving average of GBX 184.69 and a two-hundred day simple moving average of GBX 196.70.

The firm also recently disclosed a dividend, which will be paid on Wednesday, January 8th. Investors of record on Thursday, December 12th will be paid a $0.05 dividend. This represents a yield of 2.3%. The ex-dividend date is Thursday, December 12th. Genel Energy’s dividend payout ratio (DPR) is presently -0.08%.

About Genel Energy (LON:GENL)

Genel Energy plc engages in the oil and gas exploration and production activities. It operates through three segments: Oil producing Assets, Miran and Bina Bawi Assets, and Exploration Assets. The company holds interests in the Taq Taq and Tawke oil producing fields, as well as Miran and Bina Bawi gas assets in the Kurdistan Region of Iraq; and exploration assets in Somaliland and Morocco.

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