Genie Energy Ltd. (GNE) To Go Ex-Dividend on November 13th

Genie Energy Ltd. (NYSE:GNE) announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.0750 per share by the oil and gas producer on Monday, November 23rd. This represents a $0.30 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, November 13th.

Genie Energy Trading Up 5.7%

NYSE GNE opened at $17.66 on Friday. The stock has a market cap of $464.76 million, a price-to-earnings ratio of 21.80 and a beta of 0.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.75 and a current ratio of 2.89. The firm’s 50 day moving average price is $16.25 and its two-hundred day moving average price is $14.70. Genie Energy has a twelve month low of $12.69 and a twelve month high of $17.83.

Genie Energy (NYSE:GNE) last announced its quarterly earnings results on Thursday, August 6th. The oil and gas producer reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.18. The business had revenue of $100.40 million for the quarter, compared to the consensus estimate of $104.57 million. Genie Energy had a net margin of 5.05% and a return on equity of 12.80%.

Genie Energy Company Profile

Genie Energy Ltd. is an energy services company that provides electricity and natural gas to residential and small-business customers through retail energy businesses. Its offerings may include energy supply plans, renewable energy options and related services, with operations conducted through a portfolio of brands and subsidiaries.

The company’s retail energy activities have historically included serving customers in U.S. deregulated energy markets, where consumers can select an independent supplier rather than purchasing supply directly from a regulated utility.