Genel Energy PLC 35.5% potential upside indicated by JP Morgan

Genel Energy PLC with ticker (LON:GENL) now has a potential upside of 35.5% according to JP Morgan.



JP Morgan set a target price of 192 GBX for the company, which when compared to the Genel Energy PLC share price of 124 GBX at opening today (14/12/2021) indicates a potential upside of 35.5%. Trading has ranged between 114 (52 week low) and 195 (52 week high) with an average of 288,114 shares exchanging hands daily. The market capitalisation at the time of writing is £338,971,966.

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.