Genie Energy (GNE) Scheduled to Post Quarterly Earnings on Wednesday

Genie Energy (NYSE:GNE) will issue its quarterly earnings data before the market opens on Wednesday, November 6th. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Genie Energy (NYSE:GNE) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas producer reported $0.37 earnings per share for the quarter. Genie Energy had a net margin of 1.75% and a return on equity of 23.30%. The company had revenue of $90.70 million during the quarter.

Genie Energy Trading Down 0.7 %

Shares of GNE opened at $15.98 on Wednesday. The company has a market cap of $433.55 million, a price-to-earnings ratio of 32.20 and a beta of 0.08. The business’s fifty day simple moving average is $16.51 and its two-hundred day simple moving average is $15.86. Genie Energy has a 12 month low of $14.00 and a 12 month high of $30.90.

Genie Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Wednesday, August 14th were issued a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.30 annualized dividend and a yield of 1.88%. Genie Energy’s payout ratio is 60.00%.

Insider Buying and Selling at Genie Energy

In other news, CFO Avi Goldin sold 2,300 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $17.19, for a total value of $39,537.00. Following the transaction, the chief financial officer now directly owns 134,999 shares in the company, valued at $2,320,632.81. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director James A. Courter sold 3,675 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $17.19, for a total transaction of $63,173.25. Following the completion of the sale, the director now directly owns 304,411 shares in the company, valued at approximately $5,232,825.09. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Avi Goldin sold 2,300 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $17.19, for a total transaction of $39,537.00. Following the sale, the chief financial officer now directly owns 134,999 shares of the company’s stock, valued at approximately $2,320,632.81. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 16.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Genie Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

Genie Energy Company Profile

Genie Energy Ltd., through its subsidiaries, engages in the supply of electricity and natural gas to residential and small business customers in the United States and internationally. It operates in two segments, GRE and Genie Renewables. The company also develops, constructs, and operates solar energy projects for commercial and industrial customers, as well as its own portfolio; provides energy brokerage and advisory services; markets community solar energy solutions; and manufactures and distributes solar panel, as well as engages in solar installation design and project management activities.