Genie Energy (GNE) Receiving Somewhat Positive Press Coverage, Analysis Shows
Headlines about Genie Energy (NYSE:GNE) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Genie Energy earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news stories about the oil and gas producer an impact score of 46.5328736389271 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Separately, TheStreet cut shares of Genie Energy from a “c-” rating to a “d+” rating in a report on Thursday, August 3rd.
Shares of Genie Energy (GNE) traded down 0.49% on Friday, hitting $6.12. 163 shares of the stock traded hands. The stock has a 50 day moving average price of $6.31 and a 200-day moving average price of $6.84. Genie Energy has a 52 week low of $5.07 and a 52 week high of $8.31. The stock’s market cap is $151.02 million.
Genie Energy (NYSE:GNE) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported ($0.50) EPS for the quarter. The business had revenue of $52.21 million for the quarter. Genie Energy had a negative net margin of 18.10% and a negative return on equity of 25.81%. On average, equities research analysts forecast that Genie Energy will post ($0.77) EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Tuesday, August 15th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date was Friday, August 11th. Genie Energy’s payout ratio is currently -16.22%.
In related news, CFO Avi Goldin sold 8,500 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $6.21, for a total transaction of $52,785.00. Following the sale, the chief financial officer now owns 24,765 shares of the company’s stock, valued at approximately $153,790.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James A. Courter sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $6.18, for a total transaction of $30,900.00. Following the sale, the director now directly owns 311,983 shares in the company, valued at approximately $1,928,054.94. The disclosure for this sale can be found here. Insiders have sold a total of 38,500 shares of company stock worth $256,935 over the last 90 days. 31.00% of the stock is currently owned by corporate insiders.
ILLEGAL ACTIVITY NOTICE: This story was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/09/01/genie-energy-gne-receiving-somewhat-positive-press-coverage-analysis-shows.html.
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.
Receive News & Stock Ratings for Genie Energy Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genie Energy Ltd. and related stocks with our FREE daily email newsletter.