Genel 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
Read moreTuesday broker round-up
31st Jan 2017 08:55
(ShareCast News) - Whitbread: HSBC reiterates Buy with a target price of 4800p Ashmore Group: Goldman Sachs reiterates Buy with a target price of 370p. Vodafone: JPMorgan reiterates Overweight with a target price of 193p. Ferrexpo: JPMorgan upgrades to Overweight with a target price of 205p. Virg
Read moreFriday broker round-up
18th Nov 2016 18:17
(ShareCast News) - Tesco: HSBC reiterates buy with a target price of 260p. Sage: Goldman Sachs reiterates buy with a 870p target. Aggreko: Barclays stays at overweight with a 1000p target. Prudential: Barclays reiterates overweight with a 1748p target. IQE: Canaccord keeps at buy with a 51p targe
Read moreGenel Energy shares Kurdistan payout at Tawke field
8th Aug 2016 09:05
(ShareCast News) - Genel Energy noted an announcement from DNO ASA on Monday, which said - as operator of the Tawke field - that the Tawke field partners have received a payment of $30m from the Kurdistan Regional Government for oil sales during June 2016. The company said the payment reflects part
Read moreThursday broker round-up
14th Jul 2016 11:01
(ShareCast News) - Poundland: HSBC reiterates hold with a target price of 222p. Burberry: UBS keeps at buy with a 1650p target. Acacia: Jefferies reiterates buy with a 640p target. Genel: UBS stays at neutral with a 130p target. Asos: Goldman Sachs downgrades to neutral with a target price of 510
Read moreBarclays names Ophir Energy 'top-pick', upgrades Premier Oil
21st Jun 2016 14:46
(ShareCast News) - Analysts at Barclays re-jigged their recommendations on European Exploration and Production companies in order to take into account the recent rise in crude oil prices and improved investor sentiment regarding companies´ ability to execute to plan operationally. In the process
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