Genel Energy PLC 10.5% potential upside indicated by JP Morgan

Genel Energy PLC with ticker (LON:GENL) now has a potential upside of 10.5% according to JP Morgan.



JP Morgan set a target price of 177 GBX for the company, which when compared to the Genel Energy PLC share price of 158 GBX at opening today (16/03/2022) indicates a potential upside of 10.5%. Trading has ranged between 1 (52 week low) and 159 (52 week high) with an average of 376,902 shares exchanging hands daily. The market capitalisation at the time of writing is £432,925,850.

Genel Energy plc is a holding company that is principally engaged in the business of oil and gas exploration and production. The Company operates through two business segments: Production and Pre-production. The Production segment is comprised of the producing fields on the Tawke PSC (production sharing contract) (Tawke and Peshkabir), the Taq Taq PSC (Taq Taq) and the Sarta PSC (Sarta), which are located in the Kurdistan Region of Iraq (KRI) and make sales to the Kurdistan Region Government (KRG). The Pre-production segment is comprised of discovered resource held under the Qara Dagh PSC, the Bina Bawi PSC and the Miran PSC (all in the KRI), and exploration activity, principally located in Somaliland and Morocco. The Company’s wholly owned subsidiaries include Barrus Petroleum Cote D’Ivoire Sarl, Barrus Petroleum Limited, Genel Energy Africa Exploration Limited, Genel Energy Finance 2 Limited, Genel Energy Gas Company Limited and Genel Energy Finance 4 plc.