Shares of Genie Energy Ltd (NYSE:GNE) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Zacks has also given Genie Energy an industry rank of 80 out of 255 based on the ratings given to its competitors.
GNE has been the subject of several research analyst reports. ValuEngine upgraded Genie Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. TheStreet upgraded Genie Energy from a “c” rating to a “b-” rating in a research report on Friday, November 8th. Noble Financial restated a “hold” rating on shares of Genie Energy in a research report on Wednesday, August 7th. Finally, Zacks Investment Research upgraded Genie Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, October 9th.
Genie Energy stock traded up $0.10 during mid-day trading on Monday, hitting $8.19. The company’s stock had a trading volume of 130,152 shares, compared to its average volume of 217,352. Genie Energy has a 1 year low of $5.70 and a 1 year high of $11.98. The stock’s fifty day moving average is $7.76 and its two-hundred day moving average is $8.69. The firm has a market capitalization of $216.40 million, a PE ratio of 9.10 and a beta of 1.42. The company has a current ratio of 1.82, a quick ratio of 1.65 and a debt-to-equity ratio of 0.04.
Genie Energy (NYSE:GNE) last released its quarterly earnings results on Friday, November 8th. The oil and gas producer reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. Genie Energy had a return on equity of 22.85% and a net margin of 5.57%. The business had revenue of $85.71 million during the quarter. On average, equities analysts expect that Genie Energy will post 0.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.075 per share. The ex-dividend date was Friday, November 15th. This represents a $0.30 annualized dividend and a dividend yield of 3.66%. Genie Energy’s dividend payout ratio is currently 33.33%.
In other news, Director Alan B. Rosenthal sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $8.20, for a total transaction of $41,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 29.60% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in GNE. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Genie Energy in the second quarter valued at $616,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Genie Energy in the second quarter valued at $698,000. Chicago Equity Partners LLC acquired a new stake in shares of Genie Energy in the second quarter valued at $242,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Genie Energy in the second quarter valued at $304,000. Finally, Wells Fargo & Company MN raised its stake in shares of Genie Energy by 453.0% in the second quarter. Wells Fargo & Company MN now owns 21,010 shares of the oil and gas producer’s stock valued at $224,000 after acquiring an additional 17,211 shares in the last quarter. Institutional investors and hedge funds own 28.66% of the company’s stock.
About Genie Energy
Genie Energy Ltd., through its subsidiaries, operates as a retail energy provider; and an oil and gas exploration company. The company operates through three segments: Genie Retail Energy; Genie Energy Services; and Genie Oil and Gas, Inc It resells electricity and natural gas to residential and small business customers primarily in the Eastern and Midwestern United States, as well as in the United Kingdom, Japan, and Finland.
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