The Genel Energy Plc is engaged in the business of exploration and production of Oil and Gas. GENL shares are traded on the main market of the London Stock Exchange. The group has the largest reserves and resources in the Kurdistan region of Iraq. The company is located in London, the UK. The outstanding market capitalisation of the company stood at around £484.64 million. On June 17, 2011, shares of the Genel Energy got admitted to the main market of the London Stock Exchange.
In a filing made by the company with the London Stock Exchange dated June 06, 2019, the group confirmed the onboarding of Mike Adams as a Technical director and PDMR, with immediate effect.
The group has now repositioned the post of Chief Operating Officer into two business lines, and the one will look after the "pre-production" activities, and another will look after the "on production" activities. Recently appointed Mike will held responsibilities and will be accountable for the “pre-production” activities which includes exploration, appraisal and new asset acquisitions. Mike is carrying 28 years of experience in the oil & gas sector and served on various leadership positions with the oil & gas companies. He stepped in the Genel Energy group in the year 2012.
Share Price Performance
Daily price chart (as on June 07, 2019), after the market closed. (Source: Thomson Reuters)
As on June-07-19, the GENL shares closed at GBX 173.6, up by 7.4 points or 4.45 per cent against the previous day closing price. In the past 52-wks, shares have registered a high of GBX 302.0 and a low of GBX 151.20, and at the current trading level, as quoted in the price chart, the share was 42.52 per cent below the 52wk high price level and 14.81 per cent above the 52w low price level.
Also, from the simple moving average (SMA) standpoint, shares were quoting considerably below the 200-days, 60-days and 30-days simple moving average prices, which is a bearish technical indicator.
In the past one year, shares have delivered a negative price return of 38.87 per cent and in the past one-month, shares have plunged around 17.92 per cent respectively.
The stock is carrying a beta of 2.07, which indicates that the stock is highly volatile against the benchmark index.
At the current trading level, the dividend yield of the company stood at 4.53 per cent, however, due to steep plunge in the stock price over the last 1 year could be a reason for a high dividend yield.
From the volume standpoint, the 5-day average daily volume traded on LSE was 5.87 per cent below the 30-day average daily volume traded on the London Stock Exchange. Today’s volume in the stock stood at 1,403,476, at the time of writing.
14-days Relative Strength Index of the stock stood at around 34.11, which indicates that the stock has entered into an oversold zone and expected to recover in the near term.
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