A Reversal for Genel Energy PLC Is Not Near. The Stock Rises Again

 A Reversal for Genel Energy PLC Is Not Near. The Stock Rises Again

The stock of Genel Energy PLC (LON:GENL) is a huge mover today! The stock decreased 1.73% or GBX 1.39 on November 22, hitting GBX 79.11. About 2.86 million shares traded hands or 46.67% up from the average. Genel Energy PLC (LON:GENL) has declined 28.44% since April 21, 2016 and is downtrending. It has underperformed by 33.00% the S&P500.
The move comes after 6 months positive chart setup for the GBX 221.51M company. It was reported on Nov, 22 by Barchart.com. We have GBX 81.48 PT which if reached, will make LON:GENL worth GBX 6.65 million more.

Genel Energy PLC (LON:GENL) Ratings Coverage

Out of 15 analysts covering Genel Energy (LON:GENL), 8 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 53% are positive. Genel Energy has been the topic of 90 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Friday, October 16 by Numis Securities. The firm has “Overweight” rating given on Friday, August 7 by Barclays Capital. Barclays Capital maintained Genel Energy PLC (LON:GENL) on Tuesday, February 9 with “Overweight” rating. As per Wednesday, October 21, the company rating was maintained by Beaufort Securities. Liberum Capital upgraded it to “Buy” rating and GBX 226 target price in Tuesday, February 2 report. The firm has “Neutral” rating by Macquarie Research given on Monday, July 11. The stock has “Overweight” rating given by Barclays Capital on Tuesday, March 1. Numis Securities maintained Genel Energy PLC (LON:GENL) rating on Wednesday, November 18. Numis Securities has “Hold” rating and GBX 418 price target. The company was maintained on Thursday, October 8 by JP Morgan. RBC Capital Markets downgraded it to “Sector Performer” rating and GBX 115 target price in Thursday, March 10 report.

More recent Genel Energy PLC (LON:GENL) news were published by: Fool.Co.Uk which released: “Genel Energy plc & Tullow Oil plc still have a tough road ahead of them” on June 02, 2016. Also Fool.Co.Uk published the news titled: “Why are Gulf Keystone Petroleum Ltd and Genel Energy plc climbing?” on July 20, 2016. Fool.Co.Uk‘s news article titled: “Should You Buy Or Sell Pantheon Resources Plc And Genel Energy PLC After Today …” with publication date: February 29, 2016 was also an interesting one.

Genel Energy Plc is a holding company. The company has a market cap of 221.51 million GBP. The Firm is engaged in the business of gas and oil exploration and production in the Kurdistan Region of Iraq . It currently has negative earnings. The Company’s divisions include Kurdistan and Africa.

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