Genel Energy PLC (LON:GENL) Insider Acquires £143,319.12 in Stock

Genel Energy PLC (LON:GENL) insider Tolga Bilgin bought 170,618 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was acquired at an average cost of GBX 84 ($1.10) per share, for a total transaction of £143,319.12 ($188,528.18).

GENL stock opened at GBX 116 ($1.53) on Friday. 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 firm has a market cap of $322.10 million and a P/E ratio of -1.21. Genel Energy PLC has a 12-month low of GBX 79.10 ($1.04) and a 12-month high of GBX 233.50 ($3.07). The stock’s 50 day simple moving average is GBX 139.91 and its 200 day simple moving average is GBX 177.69.

The company also recently declared a dividend, which will be paid on Monday, June 29th. Investors of record on Thursday, May 28th will be given a dividend of $0.10 per share. This is a positive change from Genel Energy’s previous dividend of $0.05. This represents a dividend yield of 14.42%. The ex-dividend date is Thursday, May 28th. Genel Energy’s dividend payout ratio is currently -0.08%.

GENL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on Genel Energy from GBX 285 ($3.75) to GBX 271 ($3.56) and set an “overweight” rating on the stock in a research report on Friday, January 10th. Royal Bank of Canada lowered Genel Energy to an “underperform” rating and dropped their price target for the company from GBX 250 ($3.29) to GBX 160 ($2.10) in a research report on Wednesday, January 8th.

About Genel Energy

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.

Further Reading: Stock Portfolio Tracker

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