GENEL ENERGY PL/ADR (OTCMKTS:GEGYY) Lifted to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of GENEL ENERGY PL/ADR (OTCMKTS:GEGYY) from a sell rating to a hold rating in a research note issued to investors on Friday, Zacks.com reports.

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. “

OTCMKTS:GEGYY opened at $2.47 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 7.70 and a quick ratio of 7.70. GENEL ENERGY PL/ADR has a 12-month low of $2.10 and a 12-month high of $2.47. The stock’s 50-day simple moving average is $2.29. The stock has a market capitalization of $689.72 million, a PE ratio of 2.27 and a beta of -0.98.

About GENEL ENERGY PL/ADR

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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