News stories about Genie Energy (NYSE:GNE) have been trending somewhat positive recently, according to AlphaOne Sentiment. The research group, a division of Accern, ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Genie Energy earned a media sentiment score of 0.22 on AlphaOne’s scale. AlphaOne also gave media headlines about the oil and gas producer an impact score of 87 out of 100, meaning that recent press coverage is very likely to have an impact on the company’s share price in the near future.
Genie Energy (NYSE:GNE) traded up 2.33% during trading on Friday, hitting $7.92. The stock had a trading volume of 107,675 shares. The company has a 50-day moving average price of $7.63 and a 200-day moving average price of $6.37. Genie Energy has a 52-week low of $5.07 and a 52-week high of $8.31. The company’s market cap is $195.43 million.
Genie Energy (NYSE:GNE) last posted its quarterly earnings data on Wednesday, May 3rd. The oil and gas producer reported $0.13 EPS for the quarter. The firm had revenue of $69.44 million during the quarter. Genie Energy had a positive return on equity of 0.31% and a negative net margin of 12.99%. Equities research analysts forecast that Genie Energy will post ($0.77) EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Stockholders of record on Monday, May 15th were paid a $0.075 dividend. The ex-dividend date was Thursday, May 11th. This represents a $0.30 annualized dividend and a dividend yield of 3.79%. Genie Energy’s dividend payout ratio (DPR) is -19.51%.
Separately, TheStreet raised Genie Energy from a “d” rating to a “c-” rating in a report on Wednesday, May 3rd.
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In related news, Director James A. Courter sold 5,000 shares of the company’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $5.32, for a total value of $26,600.00. Following the completion of the transaction, the director now owns 366,983 shares of the company’s stock, valued at approximately $1,952,349.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Howard S. Jonas bought 11,733 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was purchased at an average cost of $5.37 per share, with a total value of $63,006.21. The disclosure for this purchase can be found here. Insiders sold a total of 30,000 shares of company stock valued at $206,950 over the last 90 days. 34.00% of the stock is currently owned by company insiders.
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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