RBC slashes target price for Genel Energy on Mideast tensions
8th Jan 2020 19:44
(Sharecast News) - RBC Capital slashed its target price shares of Kurdistan-focused Genel Energy on the back of the heightened geopolitical tensions in the Middle East.
Read moreWednesday broker round-up
8th Jan 2020 13:12
(Sharecast News) - Elementis: Jefferies downgrades to hold with a target price of 190p.
Read moreGenel Energy nears completion on TT-34 well at Taq Taq
6th Jan 2020 10:07
(Sharecast News) - Genel Energy updated the market on activity at the Taq Taq field on Monday, where it has a 44% working interest, as testing of the TT-34 well neared completion.
Read moreGenel and Gulf Keystone face late payments from Kurdistan
12th Dec 2019 10:50
(Sharecast News) - Genel Energy and Gulf Keystone shares fell after the oil companies said the Kurdistan government was delaying payments due in late 2019 until January 2020.
Read moreGenel chairman Whyte to stand down, says outfit poised for organic growth
16th May 2019 10:45
(Sharecast News) - Genel Energy chairman Stephen Whyte announced plans to step down as he reported a successful start to 2019 for the oil producer.
Read moreGenel Energy swings to losses as revenues improve
20th Mar 2019 10:07
(Sharecast News) - Genel Energy reported a fall in production in its full-year results on Wednesday, to 33,700 barrels of oil per day (bopd) from 35,200 bopd a year earlier, although its revenue was higher at $355.1m from $228.9m.
Read moreWednesday preview: US Federal Reserve, Kingfisher and Genel in focus
19th Mar 2019 15:24
(Sharecast News) - Barring surprise developments on the Brexit front - or elsewhere - the market spotlight will shift towards the US Federal Reserve on Wednesday.
Read moreMonday broker round-up
28th Jan 2019 13:28
(Sharecast News) - National Express Group: Liberum upgrades to buy with a target price of 470p.
Read moreGenel Energy puts in solid performance in 2018
15th Jan 2019 10:25
(Sharecast News) - Genel Energy issued a trading and operations update in advance of its full-year 2018 results on Tuesday, reporting that $335m of cash proceeds were received during the year - an increase of 27%, with $98m being received in the fourth quarter.
Read moreTuesday broker round-up
20th Nov 2018 14:00
(Sharecast News) - Coats: RBC Capital Markets initiates at outperform with a target price of 110p.
Read moreTuesday broker round-up
28th Aug 2018 13:05
(Sharecast News) - John Laing Group: RBC Capital Markets downgrades to sector perform with a target price of 330p.
Read moreGenel Energy finalises PSC, GLA documentation for Miran, Bina Bawi fields
13th Feb 2017 11:06
(ShareCast News) - Genel Energy has finalised documentation of previously agreed terms for the amended and restated production sharing contracts (PSC) and gas lifting agreements (GLA) for both the Miran and Bina Bawi gas fields. With the PSC and GLA terms formally confirmed, Genel said it would now
Read moreMonday broker round-up
13th Feb 2017 08:26
(ShareCast News) - Berkeley Group: Barclays reiterates Equal Weight with a target price of 3175p. Flybe Group: HSBC reiterates Buy with a target price of 55p. Esure Group: Berenberg maintains Sell with a target price of 193p. Berendsen: Citigroup reiterates Neutral with a target price of 930p. Sm
Read moreGenel Energy says Tawke field produced 39m barrels in 2016
9th Feb 2017 14:44
(ShareCast News) - Shares in Genel Energy are up more than 5% as it reported output from the Tawke field totalled 39 million barrels in 2016. Genel holds a 25% working interest in Tawke. At 31 December, 2016, Tawke gross proved (1P) reserves were estimated by DNO ASA at 348 million barrels, compared
Read moreGenel Energy's shares drop as Canaccord cuts rating to 'hold'
31st Jan 2017 09:49
(ShareCast News) - Genel Energy's shares fell on Tuesday as Canaccord Genuity cut its rating to 'hold' from 'speculative buy' and reduced the target price to 75p from 140p, saying the tough conditions of 2016 continue. The oil company's overall production is expected to fall in 2017, following a con
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