Last 570.00 GBp
Change Today -4.00 / -0.70%
Volume 297.0K
As of 8:13 AM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

genel energy plc (GENL) Snapshot

Open
574.00 GBp
Previous Close
574.00 GBp
Day High
582.00 GBp
Day Low
567.50 GBp
52 Week High
03/6/14 - 1,100 GBp
52 Week Low
02/24/15 - 553.50 GBp
Market Cap
1.6B
Average Volume 10 Days
1.2M
EPS TTM
0.53 GBp
Shares Outstanding
248.6M
EX-Date
--
P/E TM
16.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for GENEL ENERGY PLC (GENL)

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genel energy plc (GENL) Details

Genel Energy plc is engaged in the acquisition, exploration, development, and production of oil and gas properties primarily in Iraq. It primarily holds interests in seven oil and gas production sharing contracts, which include the Taq Taq, Ber Bahr, Bina Bawi, Dohuk, Miran, Tawke, and Chia Surkh license areas located in the Kurdistan Region of Iraq. The company also has exploration assets in Morocco, Malta, Somaliland, Côte d’Ivoire, and Ethiopia. As of December 31, 2013, its proven and probable reserves were 453 million barrels of oil equivalent. Genel Energy plc is headquartered in London, the United Kingdom. Genel Energy plc operates as a subsidiary of Cukurova Group.

264 Employees
Last Reported Date: 03/17/14

genel energy plc (GENL) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: 1.6M GBP
Chief Financial Officer and Executive Directo...
Total Annual Compensation: 1.1M GBP
Compensation as of Fiscal Year 2013.

genel energy plc (GENL) Key Developments

Genel Energy plc Announces Executive Changes

Genel Energy plc announced that Julian Metherell has informed the board of his intention to retire from the company, with effect from the close of the Annual General Meeting on April 21, 2015. Julian Metherell's successor as Chief Financial Officer will be Ben Monaghan, who is currently the Head of Europe, Middle East and Africa oil and gas investment banking at J.P. Morgan. Ben has worked in the oil and gas team at J.P. Morgan for the last twenty years and has been involved in many of the most significant mergers and acquisitions and debt and equity capital raises in the sector over that time. Ben Monaghan will join the company following a period of transition prior to Julian Metherell's departure.

Genel Energy plc Announces Operating Results for the Year 2014; Provides Revenue and Capital Expenditure Guidance for the Year 2014; Provides Production and Capital Expenditure Guidance for the Year 2015; Revises Revenue Guidance for the Year 2015

Genel Energy plc announced operating results for the year 2014. Net working interest production for 2014 averaged 69,000 boepd, an increase of 58% on 2013 and at the top end of the 60,000 to 70,000 boepd guidance range. Gross production from Taq Taq averaged 103,000 bopd in 2014, an increase of 34% on 2013. Following the successful installation and commissioning of well site temporary production facilities in December 2014, Taq Taq set a new daily production record of 135,000 bopd and a new record for gross daily liftings of 147,000 bopd. Gross production from Tawke averaged 91,000 bopd in 2014, an increase of 131% on 2013. Revenue for 2014 is expected to be towards the lower end of the $500-600 million guidance range, in line with consensus. Capital expenditure in 2014 is estimated at $670 million, split broadly equally between the KRI and Africa. This excludes the $75 million acquisition component of the Angola farm-in. For the year 2015, the company's 2015 production guidance is maintained at 90,000 to 100,000 boepd. Capital expenditure guidance for 2015 is reduced from $300-350 million to $200-250 million, a year-on-year reduction of 70%. Some 90% of the revised 2015 budget will be focused on work programmes to expand production at Taq Taq and Tawke, with the remainder on exploration and appraisal across the portfolio. For the year 2015, revenue guidance is revised from $500-600 million at a Brent price of $80/bbl to $350-400 million at a Brent price of $50/bbl.

Genel Energy plc to Report Q4, 2014 Sales/Trading Statement Results on Jan 21, 2015

Genel Energy plc announced that they will report Q4, 2014 sales/trading statement results on Jan 21, 2015

 

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Industry Analysis

GENL

Industry Average

Valuation GENL Industry Range
Price/Earnings 17.0x
Price/Sales 6.5x
Price/Book 0.6x
Price/Cash Flow 16.7x
TEV/Sales 6.4x
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