Genie Energy Ltd. (GNE) Director James A. Courter Sells 5,000 Shares of Stock
Genie Energy Ltd. (NYSE:GNE) Director James A. Courter sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $5.84, for a total transaction of $29,200.00. Following the sale, the director now owns 421,983 shares in the company, valued at approximately $2,464,380.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Genie Energy Ltd. (NYSE:GNE) opened at 5.84 on Thursday. The firm’s 50-day moving average is $6.15 and its 200-day moving average is $6.93. Genie Energy Ltd. has a 1-year low of $5.69 and a 1-year high of $14.97. The company has a market cap of $143.93 million, a PE ratio of 17.49 and a beta of 2.47.
Genie Energy (NYSE:GNE) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.13 earnings per share for the quarter. Genie Energy had a return on equity of 8.71% and a net margin of 4.33%. The business had revenue of $44 million for the quarter, compared to analyst estimates of $39.50 million. On average, equities analysts forecast that Genie Energy Ltd. will post ($0.77) earnings per share for the current fiscal year.
About Genie Energy
Genie Energy Ltd. (Genie) owns interest in its subsidiary, Genie Energy International Corporation, which owns Genie Retail Energy and Genie Oil and Gas, Inc The Company operates through three segments: Genie Retail Energy (GRE), Afek Oil and Gas, Ltd. (Afek), and Genie Oil and Gas (GOGAS). The GRE segment operates retail energy providers (REPs), including IDT Energy, Inc and Residents Energy, Inc, and energy brokerage and marketing services.
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