Genie Energy Ltd. (NYSE:GNE) Director James A. Courter sold 5,000 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $5.62, for a total transaction of $28,100.00. Following the completion of the transaction, the director now directly owns 291,983 shares in the company, valued at $1,640,944.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Genie Energy Ltd. (NYSE GNE) opened at 5.72 on Wednesday. Genie Energy Ltd. has a 1-year low of $5.07 and a 1-year high of $8.31. The stock has a 50 day moving average of $6.29 and a 200-day moving average of $6.87. The firm’s market capitalization is $141.15 million.

Genie Energy (NYSE:GNE) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported ($0.50) earnings per share for the quarter. The firm had revenue of $52.21 million for the quarter. Genie Energy had a negative return on equity of 25.81% and a negative net margin of 18.10%. On average, equities research analysts anticipate that Genie Energy Ltd. will post ($0.77) earnings per share for the current year.

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Several large investors have recently modified their holdings of GNE. Strs Ohio acquired a new stake in shares of Genie Energy during the second quarter worth $187,000. Eagle Global Advisors LLC acquired a new stake in shares of Genie Energy during the second quarter worth $111,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Genie Energy by 2.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 30,411 shares of the oil and gas producer’s stock worth $232,000 after acquiring an additional 700 shares during the period. Rhumbline Advisers raised its holdings in shares of Genie Energy by 0.8% during the second quarter. Rhumbline Advisers now owns 16,930 shares of the oil and gas producer’s stock worth $129,000 after acquiring an additional 138 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Genie Energy by 10.2% during the second quarter. Bank of New York Mellon Corp now owns 133,822 shares of the oil and gas producer’s stock worth $1,020,000 after acquiring an additional 12,413 shares during the period. Institutional investors and hedge funds own 20.76% of the company’s stock.

Separately, TheStreet downgraded shares of Genie Energy from a “c-” rating to a “d+” rating in a research note on Thursday, August 3rd.

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.

Insider Buying and Selling by Quarter for Genie Energy (NYSE:GNE)

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