Genie Energy (NYSE:GNE) Raised to “Strong-Buy” at StockNews.com

Genie Energy (NYSE:GNE) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

Genie Energy Stock Performance

Shares of GNE stock opened at $16.16 on Wednesday. The company has a quick ratio of 2.47, a current ratio of 2.56 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average price of $14.94 and a 200-day moving average price of $15.03. Genie Energy has a 52 week low of $13.05 and a 52 week high of $17.93. The firm has a market capitalization of $436.35 million, a PE ratio of 115.40 and a beta of -0.02.

Genie Energy (NYSE:GNE) last posted its earnings results on Tuesday, May 6th. The oil and gas producer reported $0.42 EPS for the quarter. The business had revenue of $136.81 million during the quarter. Genie Energy had a net margin of 0.80% and a return on equity of 21.48%.

Institutional Investors Weigh In On Genie Energy

A number of large investors have recently made changes to their positions in GNE. GSA Capital Partners LLP boosted its holdings in shares of Genie Energy by 3.4% in the first quarter. GSA Capital Partners LLP now owns 59,596 shares of the oil and gas producer’s stock worth $897,000 after buying an additional 1,948 shares during the last quarter. Bailard Inc. purchased a new position in shares of Genie Energy during the 1st quarter worth $338,000. Significant Wealth Partners LLC boosted its stake in shares of Genie Energy by 20.6% during the 1st quarter. Significant Wealth Partners LLC now owns 15,668 shares of the oil and gas producer’s stock worth $236,000 after acquiring an additional 2,675 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Genie Energy by 112.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,057 shares of the oil and gas producer’s stock valued at $734,000 after acquiring an additional 24,937 shares during the period. Finally, Two Sigma Advisers LP purchased a new stake in shares of Genie Energy in the 4th quarter worth $588,000. 49.15% of the stock is currently owned by institutional investors.

Genie Energy Company Profile

Genie Energy Ltd., through its subsidiaries, engages in the supply of electricity and natural gas to residential and small business customers in the United States and internationally. It operates in two segments, GRE and Genie Renewables. The company also develops, constructs, and operates solar energy projects for commercial and industrial customers, as well as its own portfolio; provides energy brokerage and advisory services; markets community solar energy solutions; and manufactures and distributes solar panel, as well as engages in solar installation design and project management activities.