Shares of Genie Energy Ltd (NYSE:GNE) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Zacks has also assigned Genie Energy an industry rank of 156 out of 256 based on the ratings given to its competitors.
Several equities research analysts recently issued reports on the company. ValuEngine downgraded Genie Energy from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Noble Financial assumed coverage on Genie Energy in a report on Wednesday, March 20th. They issued a “hold” rating on the stock.
Several hedge funds have recently bought and sold shares of GNE. Northern Trust Corp grew its stake in Genie Energy by 4.6% during the 1st quarter. Northern Trust Corp now owns 48,764 shares of the oil and gas producer’s stock worth $415,000 after purchasing an additional 2,135 shares in the last quarter. Willingdon Wealth Management acquired a new position in Genie Energy during the 1st quarter worth $26,000. First Trust Advisors LP grew its stake in Genie Energy by 20.8% during the 4th quarter. First Trust Advisors LP now owns 33,771 shares of the oil and gas producer’s stock worth $204,000 after purchasing an additional 5,811 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Genie Energy by 8.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 76,258 shares of the oil and gas producer’s stock worth $648,000 after purchasing an additional 5,900 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Genie Energy by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 316,079 shares of the oil and gas producer’s stock worth $1,707,000 after purchasing an additional 8,944 shares in the last quarter. Hedge funds and other institutional investors own 19.69% of the company’s stock.
Shares of GNE stock traded down $0.15 on Friday, hitting $9.23. The stock had a trading volume of 4,095 shares, compared to its average volume of 206,624. The company has a current ratio of 2.02, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $253.03 million, a PE ratio of 10.22 and a beta of 1.55. Genie Energy has a 1 year low of $4.81 and a 1 year high of $10.55.
Genie Energy (NYSE:GNE) last posted its quarterly earnings data on Monday, May 6th. The oil and gas producer reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.16. The firm had revenue of $86.62 million for the quarter, compared to the consensus estimate of $72.40 million. Genie Energy had a return on equity of 37.04% and a net margin of 8.18%. Research analysts predict that Genie Energy will post 0.8 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $0.30 annualized dividend and a dividend yield of 3.25%. Genie Energy’s dividend payout ratio is presently 33.33%.
Genie Energy Company Profile
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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