News articles about Genie Energy (NYSE:GNE) have been trending positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Genie Energy earned a media sentiment score of 0.42 on Accern’s scale. Accern also gave media coverage about the oil and gas producer an impact score of 41 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Insider Trading Activity Genie Energy Ltd. (NYSE:GNE) – CFO Sold 8,500 shares of Stock (4-traders.com)
- Genie Energy Ltd. (NYSE:GNE) CFO Sells $52,785.00 in Stock (americanbankingnews.com)
- Genie Energy Ltd. (NYSE:GNE) Declares $0.08 Dividend (americanbankingnews.com)
- Genie Energy Ltd. (GNE) Issues Earnings Results (americanbankingnews.com)
- Genie Energy Ltd. (NYSE:GNE) Downgraded by TheStreet to D+ (americanbankingnews.com)
Separately, TheStreet raised Genie Energy from a “d” rating to a “c-” rating in a research note on Wednesday, May 3rd.
Genie Energy (NYSE GNE) opened at 6.13 on Wednesday. The company has a 50-day moving average price of $7.02 and a 200-day moving average price of $6.82. The stock’s market cap is $151.26 million. Genie Energy has a 52 week low of $5.07 and a 52 week high of $8.31.
Genie Energy (NYSE:GNE) last released its earnings results on Thursday, August 3rd. The oil and gas producer reported ($0.50) earnings per share for the quarter. Genie Energy had a negative net margin of 18.10% and a negative return on equity of 24.53%. The company had revenue of $52.21 million during the quarter. Analysts anticipate that Genie Energy will post ($0.77) earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Tuesday, August 15th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Friday, August 11th. Genie Energy’s payout ratio is -14.59%.
In other Genie Energy news, CFO Avi Goldin sold 8,500 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $6.21, for a total value of $52,785.00. Following the completion of the sale, the chief financial officer now directly owns 24,765 shares in the company, valued at $153,790.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James A. Courter sold 5,000 shares of the stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $7.76, for a total value of $38,800.00. Following the completion of the sale, the director now owns 336,983 shares of the company’s stock, valued at $2,614,988.08. The disclosure for this sale can be found here. Insiders sold 38,500 shares of company stock worth $271,485 in the last three months. Insiders own 31.00% of the company’s stock.
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Genie Energy Company Profile
Genie Energy Ltd. (Genie) owns interest in its subsidiary, Genie Energy International Corporation, which owns Genie Retail Energy and Genie Oil and Gas, Inc The Company operates through three segments: Genie Retail Energy (GRE), Afek Oil and Gas, Ltd. (Afek), and Genie Oil and Gas (GOGAS). The GRE segment operates retail energy providers (REPs), including IDT Energy, Inc and Residents Energy, Inc, and energy brokerage and marketing services.
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