Genel Energy (LON:GENL) Shares Cross Above 200-Day Moving Average of $152.16

Genel Energy plc (LON:GENL)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 152.16 ($1.99) and traded as high as GBX 167.40 ($2.19). Genel Energy shares last traded at GBX 166.20 ($2.17), with a volume of 1,158,831 shares trading hands.

Separately, Canaccord Genuity raised Genel Energy to a “buy” rating and raised their price objective for the company from GBX 195 ($2.55) to GBX 210 ($2.74) in a research note on Wednesday, March 31st.

The company has a debt-to-equity ratio of 38.51, a current ratio of 2.16 and a quick ratio of 2.16. The company has a market capitalization of £461.49 million and a P/E ratio of -1.52. The company has a 50 day moving average of GBX 171.45 and a 200-day moving average of GBX 152.16.

The firm also recently announced a dividend, which will be paid on Monday, June 14th. Investors of record on Thursday, May 13th will be paid a $0.10 dividend. The ex-dividend date is Thursday, May 13th. This is a boost from Genel Energy’s previous dividend of $0.05. This represents a dividend yield of 3.98%. Genel Energy’s dividend payout ratio (DPR) is presently -0.14%.

About Genel Energy (LON:GENL)

Genel Energy plc, through its subsidiaries, engages in the oil and gas exploration and production activities. It operates through two segments, Production and Pre-production. The Production segment holds interest in oil producing fields on the Tawke PSC (Tawke and Peshkabir), the Taq Taq PSC, and Sarta PSC located in the Kurdistan Region of Iraq.

Recommended Story: Non-Fungible Token (NFT)

Receive News & Ratings for Genel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genel Energy and related companies with's FREE daily email newsletter.