Genie Energy Ltd. (NYSE:GNE) shares traded -1.16% lower at $9.36 on Wall Street last session.
In accordance with the data, 1 analysts cover Genie Energy Ltd. (NYSE:GNE). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $7.50 and a low of $7.50, we find $7.50. Given the previous closing price of $9.47, this indicates a potential downside of -20.8 percent. GNE stock price is now -1.19% away from the 50-day moving average and 15.54% away from the 200-day moving average. The market capitalization of the company currently stands at $227.64M.
It has been rated a hold by 1 analysts and a buy by 0. Brokers who have rated the stock have averaged $7.50 as their price target over the next twelve months.
A total of 3.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GNE stock. A new stake in Genie Energy Ltd. shares was purchased by EAM INVESTORS, LLC during the first quarter worth $1,524,000. ACADIAN ASSET MANAGEMENT LLC invested $1,047,000 in shares of GNE during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in Genie Energy Ltd. valued at approximately $319,000. JANNEY MONTGOMERY SCOTT LLC acquired a new stake in GNE for approximately $286,000. ENGINEERS GATE MANAGER LP purchased a new stake in GNE valued at around $275,000 in the second quarter. In total, there are 61 active investors with 26.00% ownership of the company’s stock.
Genie Energy Ltd. (NYSE: GNE) opened at $9.42 on Thursday. During the past 12 months, Genie Energy Ltd. has had a low of $4.74 and a high of $11.38. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.70, and a quick ratio of 2.50. The fifty day moving average price for GNE is $9.47 and a two-hundred day moving average price translates $8.10 for the stock.
The latest earnings results from Genie Energy Ltd. (NYSE: GNE) was released for Jun, 2022. According to the Utilities – Regulated Electric Company, earnings per share came in at $0, missing analysts’ expectations of $0.18 by -0.18. This compares to -$0.10 EPS in the same period last year. The net profit margin was 25.10% and return on equity was 68.70% for GNE. The company reported revenue of $81.28 million for the quarter, compared to $87.66 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.27 percent.
Moreover, the firm recently paid out its quarterly dividend on 11/21/2022. Investors who held shares on 11/14/2022 were paid a $0.075 dividend. On an annualized basis, this represents a $0.30 dividend and a 3.21% percent yield. There was an ex-dividend date of 11/10/2022 for this dividend. In terms of dividend payout ratio, GNE is presently at 10.40%.
Genie Energy Ltd.(GNE) Company Profile
Genie Energy Ltd., through its subsidiaries, supplies electricity and natural gas to residential and small business customers in the United States, Finland, Sweden, Japan, and internationally. It operates in three segments: Genie Retail Energy (GRE); GRE International; and Genie Renewables. The company also engages in the provision of energy advisory and brokerage services; solar panel manufacturing and distribution; solar installation design; and project management activities. Genie Energy Ltd. was incorporated in 2011 and is headquartered in Newark, New Jersey.