Brokerages Expect Genie Energy Ltd (NYSE:GNE) to Announce $0.19 Earnings Per Share

Genie Energy Ltd (NYSE:GNE) has received an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Zacks has also assigned Genie Energy an industry rank of 88 out of 255 based on the ratings given to related companies.

Several equities analysts have recently issued reports on GNE shares. Noble Financial reaffirmed a “hold” rating on shares of Genie Energy in a report on Wednesday, August 7th. TheStreet lowered Genie Energy from a “b-” rating to a “c+” rating in a report on Thursday, August 15th. Zacks Investment Research raised Genie Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, ValuEngine raised Genie Energy from a “sell” rating to a “hold” rating in a report on Friday.

A number of hedge funds and other institutional investors have recently made changes to their positions in GNE. BlackRock Inc. grew its holdings in Genie Energy by 163.0% during the second quarter. BlackRock Inc. now owns 1,105,173 shares of the oil and gas producer’s stock valued at $11,769,000 after purchasing an additional 684,973 shares during the period. Vanguard Group Inc. grew its holdings in Genie Energy by 32.9% during the second quarter. Vanguard Group Inc. now owns 990,677 shares of the oil and gas producer’s stock valued at $10,551,000 after purchasing an additional 245,063 shares during the period. Bowling Portfolio Management LLC bought a new position in Genie Energy during the third quarter valued at $968,000. Invesco Ltd. grew its holdings in Genie Energy by 347.0% during the second quarter. Invesco Ltd. now owns 115,092 shares of the oil and gas producer’s stock valued at $1,226,000 after purchasing an additional 89,342 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in Genie Energy by 116.9% during the second quarter. Acadian Asset Management LLC now owns 127,782 shares of the oil and gas producer’s stock valued at $1,361,000 after purchasing an additional 68,866 shares during the period. 27.98% of the stock is owned by institutional investors and hedge funds.

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Shares of GNE stock traded up $0.37 during trading on Friday, hitting $7.20. The company’s stock had a trading volume of 287,801 shares, compared to its average volume of 221,239. The company has a market cap of $191.50 million, a PE ratio of 8.00 and a beta of 1.38. The company has a current ratio of 1.80, a quick ratio of 1.60 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $7.44 and a 200-day moving average of $8.78. Genie Energy has a 52 week low of $5.70 and a 52 week high of $11.98.

Genie Energy (NYSE:GNE) last released its earnings results on Friday, November 8th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $85.71 million during the quarter. Genie Energy had a return on equity of 24.53% and a net margin of 6.08%. As a group, research analysts predict that Genie Energy will post 0.28 EPS for the current year.

The company also recently disclosed a dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.075 per share. The ex-dividend date is Friday, November 15th. Genie Energy’s dividend payout ratio (DPR) is 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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