Genie Energy (GNE) Earning Positive Press Coverage, Analysis Shows
Headlines about Genie Energy (NYSE:GNE) have trended positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Genie Energy earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned media coverage about the oil and gas producer an impact score of 83 out of 100, indicating that recent press coverage is very likely to have an effect on the company’s share price in the next few days.
Shares of Genie Energy (NYSE GNE) traded down 0.39% during mid-day trading on Monday, reaching $7.65. The company had a trading volume of 10,526 shares. Genie Energy has a 52-week low of $5.07 and a 52-week high of $8.31. The firm’s 50-day moving average price is $7.66 and its 200 day moving average price is $6.59. The company’s market cap is $188.77 million.
Genie Energy (NYSE:GNE) last posted its earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.13 EPS for the quarter. The firm had revenue of $69.44 million during the quarter. Genie Energy had a positive return on equity of 0.37% and a negative net margin of 11.89%. Equities analysts expect that Genie Energy will post ($0.77) EPS for the current year.
Separately, TheStreet upgraded Genie Energy from a “d” rating to a “c-” rating in a research note on Wednesday, May 3rd.
In other Genie Energy news, Director James A. Courter sold 5,000 shares of the stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $8.04, for a total value of $40,200.00. Following the completion of the transaction, the director now directly owns 351,983 shares in the company, valued at $2,829,943.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 25,000 shares of company stock valued at $190,550 over the last quarter. Corporate insiders own 31.00% of the company’s stock.
Genie Energy Company Profile
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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