A statement released earlier today by Jefferies International about Genel Energy PLC (LON:GENL) maintains the target price at 78.00GBX
- Updated: October 5, 2016
Just yesterday Genel Energy PLC (LON:GENL) traded 2.00% higher at 0.00GBX. Genel Energy PLC’s 50-day moving average is 97.94GBX and its 200-day moving average is 111.01GBX. The last stock price is down -8.12% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,937,128 shares of GENL traded hands, down from an average trading volume of 2,173,660
Jefferies International hold steady the price target of Genel Energy PLC (LON:GENL) at 78.00GBX indicating a possible upside of 0%.
Recent Performance Chart
Genel Energy PLC has 52 week low of 71.75GBX and a 52 week high of 389.50GBX and has a market capitalization of 0 GBX.
In addition to Jefferies International reporting its stock price target, a total of 19 brokerages have issued a research note on the company. The average stock price target is 2.08GBX with 5 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 10 brokerages rating the stock a hold, 4 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.
Brief Synopsis On Genel Energy PLC (LON:GENL)
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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