Genie Energy (GNE) to Release Quarterly Earnings on Monday

Genie Energy (NYSE:GNEGet Rating) is set to issue its quarterly earnings data before the market opens on Monday, August 8th. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Genie Energy (NYSE:GNEGet Rating) last issued its quarterly earnings data on Monday, May 9th. The oil and gas producer reported $0.67 EPS for the quarter. The business had revenue of $98.53 million for the quarter. Genie Energy had a net margin of 12.73% and a return on equity of 29.18%.

Genie Energy Price Performance

Shares of NYSE GNE opened at $9.00 on Friday. The stock has a market capitalization of $235.76 million, a price-to-earnings ratio of 4.79 and a beta of 0.32. Genie Energy has a 12 month low of $4.74 and a 12 month high of $10.49. The firm’s 50 day simple moving average is $8.78 and its 200-day simple moving average is $7.20.

Genie Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Friday, May 20th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, May 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.33%. Genie Energy’s payout ratio is 15.96%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GNE. TheStreet raised shares of Genie Energy from a “c+” rating to a “b” rating in a research note on Monday, May 9th. StockNews.com assumed coverage on shares of Genie Energy in a research note on Monday, June 6th. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On Genie Energy

An institutional investor recently raised its position in Genie Energy stock. State Street Corp boosted its stake in Genie Energy Ltd. (NYSE:GNEGet Rating) by 4.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 96,674 shares of the oil and gas producer’s stock after acquiring an additional 4,481 shares during the quarter. State Street Corp owned 0.37% of Genie Energy worth $653,000 as of its most recent filing with the SEC. 24.70% of the stock is owned by institutional investors.

About Genie Energy

(Get Rating)

Genie Energy Ltd., through its subsidiaries, supplies electricity and natural gas to residential and small business customers in the United States, Finland, Sweden, Japan, and internationally. It operates in three segments: Genie Retail Energy (GRE); GRE International; and Genie Renewables. The company also engages in the provision of energy advisory and brokerage services; solar panel manufacturing and distribution; solar installation design; and project management activities.

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Earnings History for Genie Energy (NYSE:GNE)

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