Genel confirms $11.45m payment for Taq Taq oil sales in April
31st May 2016 14:44
(ShareCast News) - Genel Energy said the Taq Taq field partners have received a payment of $11.45m from the Kurdistan Regional Government for oil sales during April 2016. Its shares were up almost 2% on the news. This followed receipt of $11m announced 26 May and completed settlement of the invoice
Read moreTuesday broker round-up
24th May 2016 14:41
(ShareCast News) - Standard Chartered: Macquarie reiterates to outperform with a 440p target. Britvic: Goldman Sachs stays at buy with a 838p target. Premier Oil: JP Morgan keeps at neutral with a target price of 61p. RBS: Deutsche Bank reiterates hold with a target of 239p. BT: Macquarie reitera
Read moreMonday broker round-up
25th Apr 2016 13:13
(ShareCast News) - Ted Baker: Jefferies upgrades to buy with a 3000p target. Howden Joinery Group: Goldman Sachs upgrades to neutral with a 515p target. Genel Energy: Barclays keeps at overweight with a target price of 115p and Canaccordreiterates speculative buy with a target of 165p. Royal Dutch
Read moreGenel receives March payments for Taq Taq field
11th Apr 2016 14:18
(ShareCast News) - Genel Energy said on Monday that partners of the Taq Taq field have received a gross payment of $19.88m (£14m) from the Kurdistan Regional Government (KRG) for oil sales in March, with its share coming to $10.93m. As agreed with the KRG, sales into the local market and deliveries
Read moreThursday broker round-up
10th Mar 2016 13:41
(ShareCast News) - Eagle Eye Solutions: Panmure Gordon downgrades to hold with a target price of 163p. Genel Energy: RBC downgrades to sector perform, 115p target. The Restaurant Group: Berenberg downgrades to hold with a target price of 550p, Goldman Sachs downgrades to neutral, 525p target, Citig
Read moreBroker tips: Moneysupermarket, Genel Energy, ITV
1st Mar 2016 15:47
(ShareCast News) - Moneysupermarket.com was given a boost on Tuesday as Canaccord Genuity lifted its target price to 352p from 342p and left its rating at 'hold' after the company reported a rise in full year profit and revenue. For the year to the end of December, the price comparison service said
Read moreTuesday broker round-up
1st Mar 2016 15:11
(ShareCast News) - Rightmove: Canaccord downgrades to hold with a target price of 4100p and Deutsche Bank reiterates hold with a target price of 3200p. IAG: HSBC reiterates hold with a target price of 620p and Investec maintains buy, 740p target. Rio Tinto: RBC upgrades to sector perform with a tar
Read moreCitigroup cuts Genel to 'neutral' on Taq Taq field downgrade
1st Mar 2016 14:21
(ShareCast News) - Citigroup downgraded Genel Energy to 'neutral' from 'buy' and slashed the price target to 120p from 253p. It pointed to the fact the company has reduced the expected gross ultimate recovery from its Taq Taq field in Iraqi Kurdistan on the back of revised assumptions on the fractur
Read moreLiberum cuts targets on wide swathe of oil sector firms
2nd Feb 2016 12:33
(ShareCast News) - Analysts at Liberum cut their share price targets for a wide swathe of the London-listed oil sector after taking into account the sharp shift lower in futures prices over the last four months. Worries about demand conditions in China and Europe, together with the threat of growing
Read moreMonday broker round-up
7th Dec 2015 16:16
(ShareCast News) - Equiniti: Barclays starts coverage at overweight with a 230p target price; Goldman starts at buy with a 260p target and Credit Suisse initiated. Genel Energy: Credit Suisse reiterates outperform and 430p target; Goldman Sachs downgrades to neutral with 333p target. Dixons Carphon
Read moreGenel Energy sells interest in Iraq project
29th Oct 2015 15:41
(ShareCast News) - Oil and gas group Genel Energy has completed the sale of a 20% stake in the Chia Surkh project in Iraq to Turkish sector peer Petoil. In a statement released on Thursday, the London-listed company said Petoil will cover the costs of the acquisition by utilising Genel' share of the
Read moreBroker tips: Home Retail, Smiths Group, Genel Energy
21st Oct 2015 16:57
(ShareCast News) - Home Retail's interims did little to dispel the doubts of analysts at Canaccord Genuity about the ability of the company to turn around the financial performance of its Argos division. "The investment case on the shares hinges on a view of Argos, with Homebase in effect something
Read moreWednesday broker round-up
21st Oct 2015 10:44
(ShareCast News) - Genel Energy: JP Morgan Cazenove reiterates to overweight. Target price: 610.00p. UBS downgrades to neutral, reduces target price to 400.00p. Sse: Jefferies starts new coverage with a hold, sets target price at 1600.00p. Smiths Group: Citigroup upgrades to buy, raises target pric
Read moreUBS downgrades Genel Energy on gas business concerns
21st Oct 2015 09:31
(ShareCast News) - UBS downgraded Genel Energy to 'neutral' from 'buy' and cut the price target to 400p from 500p, highlighting concerns that an increasingly complex geopolitical landscape is raising the risk profile of the gas business. UBS said Genel's portfolio can be neatly split into two: an oi
Read moreGenel cuts full-year revenue and output guidance
20th Oct 2015 11:26
(ShareCast News) - Genel, the largest oil producer and holder of reserves and resources in the Kurdistan region of Iraq, cut its 2015 production and revenue guidance on the back of delays to payments for its exports from the Kurdistan regional government (KRG) and declining prices. The company downg
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