Genel Energy (LON:GENL) Share Price Crosses Below 200 Day Moving Average of $192.19

Genel Energy PLC (LON:GENL) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $192.19 and traded as low as $182.40. Genel Energy shares last traded at $186.00, with a volume of 232,969 shares trading hands.

A number of analysts have recently issued reports on GENL shares. JPMorgan Chase & Co. lowered their price objective on Genel Energy from GBX 290 ($3.79) to GBX 285 ($3.72) and set an “overweight” rating on the stock in a research report on Friday, September 6th. Canaccord Genuity reduced their price objective on Genel Energy from GBX 310 ($4.05) to GBX 295 ($3.85) and set a “buy” rating on the stock in a research note on Tuesday, October 15th.

The company has a debt-to-equity ratio of 21.78, a current ratio of 6.84 and a quick ratio of 6.70. The company has a market cap of $526.80 million and a price-to-earnings ratio of -2.00. The business has a 50 day simple moving average of GBX 185.43 and a 200 day simple moving average of GBX 192.05.

The firm also recently disclosed a dividend, which will be paid on Wednesday, January 8th. Shareholders 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 is currently -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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