Genel Energy (OTCMKTS:GEGYY) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research note issued on Tuesday, Zacks.com reports. The firm presently has a $2.75 target price on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 16.53% from the stock’s previous close.
According to Zacks, “Genel Energy PLC is an oil and gas exploration and production company. It reserves and resources located primarily in the Kurdistan Region of Iraq. Genel Energy PLC is headquartered in London. “
GEGYY remained flat at $$2.36 during trading on Tuesday. The company has a fifty day simple moving average of $2.11 and a two-hundred day simple moving average of $1.76. Genel Energy has a 1-year low of $2.08 and a 1-year high of $2.36. The stock has a market cap of $658.51 million, a P/E ratio of 4.82 and a beta of -0.84.
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.
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