Genel Energy (LON:GENL) Upgraded at Numis Securities

Genel Energy (LON:GENL) was upgraded by equities research analysts at Numis Securities to a “buy” rating in a note issued to investors on Wednesday, May 1st, ThisIsMoney.Co.Uk reports.

Several other analysts also recently issued reports on the stock. Canaccord Genuity cut their target price on shares of Genel Energy from GBX 315 ($4.12) to GBX 305 ($3.99) and set a “speculative buy” rating on the stock in a research note on Tuesday, April 9th. Royal Bank of Canada reissued a “sector performer” rating on shares of Genel Energy in a research note on Thursday, March 21st. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Genel Energy in a research note on Wednesday, January 16th.

Shares of LON:GENL traded down GBX 0.50 ($0.01) during trading on Wednesday, hitting GBX 207 ($2.70). The company’s stock had a trading volume of 818,655 shares, compared to its average volume of 439,099. Genel Energy has a fifty-two week low of GBX 151.20 ($1.98) and a fifty-two week high of GBX 302 ($3.95). The stock has a market cap of $578.04 million and a price-to-earnings ratio of -2.04. The company has a debt-to-equity ratio of 22.33, a quick ratio of 7.53 and a current ratio of 7.70.

In other Genel Energy news, insider Bill Higgs purchased 2,357 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average price of GBX 212 ($2.77) per share, with a total value of £4,996.84 ($6,529.26).

Genel Energy Company Profile

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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