Genie Energy Ltd (NYSE:GNE) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Zacks has also given Genie Energy an industry rank of 88 out of 255 based on the ratings given to related companies.
A number of equities analysts recently issued reports on GNE shares. TheStreet downgraded shares of Genie Energy from a “b-” rating to a “c+” rating in a research note on Thursday, August 15th. Noble Financial reissued a “hold” rating on shares of Genie Energy in a research note on Wednesday, August 7th. ValuEngine raised shares of Genie Energy from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Zacks Investment Research raised shares of Genie Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, October 9th.
A number of institutional investors and hedge funds have recently made changes to their positions in GNE. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Genie Energy in the second quarter worth about $616,000. DekaBank Deutsche Girozentrale purchased a new stake in Genie Energy in the second quarter worth about $698,000. Chicago Equity Partners LLC purchased a new stake in Genie Energy in the second quarter worth about $242,000. Stone Ridge Asset Management LLC purchased a new stake in Genie Energy in the second quarter worth about $304,000. Finally, Wells Fargo & Company MN grew its holdings in 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 worth $224,000 after purchasing an additional 17,211 shares during the period. Institutional investors and hedge funds own 27.98% of the company’s stock.
Shares of GNE traded up $0.37 during trading hours on Friday, hitting $7.20. The stock had a trading volume of 287,801 shares, compared to its average volume of 221,239. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.80 and a quick ratio of 1.60. The firm has a 50 day simple moving average of $7.44 and a 200-day simple moving average of $8.78. The firm has a market capitalization of $191.50 million, a P/E ratio of 8.00 and a beta of 1.38. Genie Energy has a 1-year low of $5.70 and a 1-year high of $11.98.
Genie Energy (NYSE:GNE) last released its quarterly earnings results on Friday, November 8th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Genie Energy had a return on equity of 24.53% and a net margin of 6.08%. The business had revenue of $85.71 million during the quarter. Equities analysts predict that Genie Energy will post 0.28 EPS for the current fiscal year.
The firm also recently disclosed a dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued a $0.075 dividend. The ex-dividend date is Friday, November 15th. Genie Energy’s dividend payout ratio (DPR) is presently 33.33%.
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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