Genie Energy Ltd (NYSE:GNE) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Zacks has also given Genie Energy an industry rank of 144 out of 256 based on the ratings given to its competitors.
GNE has been the subject of several research analyst reports. ValuEngine raised shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th.
Shares of GNE traded up $0.36 during midday trading on Thursday, reaching $11.18. The stock had a trading volume of 300,000 shares, compared to its average volume of 230,441. The company’s 50 day simple moving average is $10.73. Genie Energy has a one year low of $5.07 and a one year high of $11.98. The stock has a market cap of $292.31 million, a price-to-earnings ratio of 12.44 and a beta of 1.41. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.02.
Genie Energy (NYSE:GNE) last announced its earnings results on Monday, May 6th. The oil and gas producer reported $0.21 EPS for the quarter, topping the consensus estimate of $0.05 by $0.16. The business had revenue of $86.62 million during the quarter, compared to the consensus estimate of $72.40 million. Genie Energy had a net margin of 8.18% and a return on equity of 37.04%. As a group, analysts anticipate that Genie Energy will post 0.8 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the business. Willingdon Wealth Management acquired a new stake in Genie Energy in the 1st quarter worth about $26,000. D. E. Shaw & Co. Inc. acquired a new stake in Genie Energy in the 4th quarter worth about $60,000. Deutsche Bank AG raised its stake in Genie Energy by 538.5% in the 4th quarter. Deutsche Bank AG now owns 14,059 shares of the oil and gas producer’s stock worth $84,000 after purchasing an additional 11,857 shares in the last quarter. Bank of Montreal Can raised its position in shares of Genie Energy by 4,986.3% in the 1st quarter. Bank of Montreal Can now owns 20,040 shares of the oil and gas producer’s stock valued at $171,000 after buying an additional 19,646 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Genie Energy by 20.8% in the 4th quarter. First Trust Advisors LP now owns 33,771 shares of the oil and gas producer’s stock valued at $204,000 after buying an additional 5,811 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.
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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