Genie Energy Ltd (NYSE:GNE) announced a quarterly dividend on Monday, August 5th, NASDAQ reports. Shareholders of record on Friday, August 16th will be paid a dividend of 0.075 per share by the oil and gas producer on Friday, August 23rd. This represents a $0.30 annualized dividend and a yield of 3.97%. The ex-dividend date is Thursday, August 15th.
Genie Energy has raised its dividend payment by an average of 35.7% per year over the last three years.
Shares of Genie Energy stock opened at $7.56 on Wednesday. The company has a market cap of $198.58 million, a price-to-earnings ratio of 8.40 and a beta of 1.37. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.02 and a quick ratio of 1.83. The firm has a fifty day simple moving average of $10.33. Genie Energy has a 52-week low of $5.08 and a 52-week high of $11.98.
Genie Energy (NYSE:GNE) last announced its quarterly earnings results on Monday, August 5th. The oil and gas producer reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.38). The business had revenue of $61.01 million during the quarter, compared to the consensus estimate of $51.10 million. Genie Energy had a net margin of 6.08% and a return on equity of 24.42%. As a group, sell-side analysts forecast that Genie Energy will post 0.28 EPS for the current year.
In other news, Director James A. Courter bought 56,649 shares of the stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $7.01 per share, with a total value of $397,109.49. Following the acquisition, the director now owns 313,632 shares in the company, valued at $2,198,560.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 29.60% of the stock is currently owned by corporate insiders.
Several equities research analysts have issued reports on GNE shares. Noble Financial reissued a “hold” rating on shares of Genie Energy in a report on Wednesday, August 7th. Zacks Investment Research lowered shares of Genie Energy from a “hold” rating to a “strong sell” rating in a report on Saturday.
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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