Somaliland: Genel Energy Lowered to “Underperform” at Royal Bank of Canada


Somalilandsun: Royal Bank of Canada downgraded shares of Genel Energy (LON:GENL) to an underperform rating in a research note issued to investors on Wednesday, January 8th, Digital Look reports. They currently have GBX 160 ($2.10) target price on the stock, down from their previous target price of GBX 250 ($3.29).

Separately, Canaccord Genuity decreased their price objective on shares of Genel Energy from GBX 310 ($4.08) to GBX 295 ($3.88) and set a buy rating for the company in a research note on Tuesday, October 15th.

Visit Genel Energy Somaliland

Shares of GENL stock traded down GBX 3.20 ($0.04) on Wednesday, reaching GBX 183.60 ($2.42). 672,200 shares of the stock were exchanged, compared to its average volume of 439,099. 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 business’s 50 day moving average price is GBX 186.76 and its 200 day moving average price is GBX 189.15. The company has a market capitalization of $509.80 million and a price-to-earnings ratio of -1.92. Genel Energy has a twelve month low of GBX 165.80 ($2.18) and a twelve month high of GBX 233.50 ($3.07).

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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