Genie Energy (GNE) to Release Quarterly Earnings on Wednesday

Genie Energy (NYSE:GNE) will be issuing its quarterly earnings data before the market opens on Wednesday, November 6th. Persons interested in listening to the company’s earnings conference call can do so using this link.

Genie Energy (NYSE:GNE) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $0.37 earnings per share (EPS) for the quarter. Genie Energy had a net margin of 1.75% and a return on equity of 23.30%. The firm had revenue of $90.70 million during the quarter.

Genie Energy Stock Performance

GNE opened at $15.98 on Wednesday. The stock has a market cap of $433.55 million, a price-to-earnings ratio of 32.20 and a beta of 0.08. The firm’s fifty day moving average is $16.51 and its 200 day moving average is $15.86. Genie Energy has a fifty-two week low of $14.00 and a fifty-two week high of $30.90.

Genie Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.30 dividend on an annualized basis and a yield of 1.88%. Genie Energy’s dividend payout ratio is presently 60.00%.

Insiders Place Their Bets

In other news, Director James A. Courter sold 3,675 shares of Genie Energy stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $17.19, for a total transaction of $63,173.25. Following the sale, the director now owns 304,411 shares in the company, valued at $5,232,825.09. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director James A. Courter sold 3,675 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $17.19, for a total transaction of $63,173.25. Following the completion of the transaction, the director now owns 304,411 shares in the company, valued at $5,232,825.09. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Avi Goldin sold 2,300 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $17.19, for a total value of $39,537.00. Following the completion of the sale, the chief financial officer now owns 134,999 shares in the company, valued at $2,320,632.81. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded Genie Energy from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

About Genie Energy

Genie Energy Ltd., through its subsidiaries, engages in the supply of electricity and natural gas to residential and small business customers in the United States and internationally. It operates in two segments, GRE and Genie Renewables. The company also develops, constructs, and operates solar energy projects for commercial and industrial customers, as well as its own portfolio; provides energy brokerage and advisory services; markets community solar energy solutions; and manufactures and distributes solar panel, as well as engages in solar installation design and project management activities.