Published On: Fri, Feb 3rd, 2017

Genel Energy PLC (LON:GENL) Receives Underperform Rating From Macquarie Analysts

Genel Energy PLC (LON:GENL) had its stock rating downgraded as ‘Underperform’ in a report released by analysts at Macquarie.

Macquarie today set a target price of 41 on the company’s stock. According to the analyst this now indicates there is a potential decrease of -39.93% from Genel Energy PLC’s current price of 68.25.


Over the last twelve months Genel Energy PLC’s stock price has decreased by -30.36% from 98 to 68.25.

There are currently 278,382,000 shares in issue with a current share value of 68.25 giving Genel Energy PLC a market capitalisation of 190.00M GBp .

Genel Energy PLC (LON:GENL) has a 50 day moving average of 78.31 and a 200 day moving average of 89.55. The 52 week high for the share price is 178.1 while the 52 week low for the stock is 65.75.

Genel Energy Plc is a holding company. The Company is engaged in the business of oil and gas exploration and production in the Kurdistan Region of Iraq (KRI). The Company’s segments include Kurdistan and Africa. The Company has interests in approximately two producing fields in the Kurdistan Region of Iraq, Taq Taq and Tawke, with access to local and international markets. Its fields have an estimated gross proven and probable (2P) reserves of approximately 800 million barrels of oil, and gross proven, probable and possible reserves of approximately 1.2 billion barrels of oil. Its Taq Taq license area is located approximately 60 kilometers northeast of the Kirkuk oil field and the adjacent city of Kirkuk, over 85 kilometers southeast of the city of Erbil and over 120 kilometers northwest of the city of Sulaimaniah. The gross area of the Taq Taq license area is approximately 950 square kilometers. Its Bina Bawi field is located approximately 300 kilometers from Turkey.

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