Genie Energy Ltd (NYSE:GNE) has earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Zacks has also given Genie Energy an industry rank of 188 out of 256 based on the ratings given to its competitors.
Several equities analysts have recently commented on the stock. ValuEngine lowered shares of Genie Energy from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Noble Financial assumed coverage on shares of Genie Energy in a report on Wednesday, March 20th. They issued a “hold” rating on the stock.
NYSE:GNE traded down $0.24 on Friday, hitting $9.88. The stock had a trading volume of 9,178 shares, compared to its average volume of 203,771. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.02 and a quick ratio of 1.73. The firm has a market capitalization of $270.37 million, a price-to-earnings ratio of 11.04 and a beta of 1.55. Genie Energy has a 1-year low of $4.81 and a 1-year high of $10.55.
Genie Energy (NYSE:GNE) last posted its earnings results on Monday, May 6th. The oil and gas producer reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.16. The company had revenue of $86.62 million for the quarter, compared to analyst estimates of $72.40 million. Genie Energy had a net margin of 8.18% and a return on equity of 37.04%. As a group, equities analysts anticipate that Genie Energy will post 0.8 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $0.30 annualized dividend and a dividend yield of 3.04%. Genie Energy’s dividend payout ratio is currently 33.33%.
About Genie Energy
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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