Genie Energy (GNE) Receives Daily News Impact Score of 0.09
Media stories about Genie Energy (NYSE:GNE) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Genie Energy earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the oil and gas producer an impact score of 45.9549444319972 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Genie Energy Ltd. (NYSE:GNE) Declares $0.08 Dividend (americanbankingnews.com)
- Genie Energy Ltd. (GNE) Issues Earnings Results (americanbankingnews.com)
- Genie Energy Ltd. (NYSE:GNE) Downgraded by TheStreet to D+ (americanbankingnews.com)
- Mid-Afternoon Market Update: Natural Grocers Drops On Disappointing Earnings; Yelp Shares Spike Higher (nasdaq.com)
- Genie Energy Ltd. Reports Second Quarter 2017 Results (finance.yahoo.com)
Separately, TheStreet upgraded Genie Energy from a “d” rating to a “c-” rating in a research note on Wednesday, May 3rd.
Genie Energy (NYSE GNE) remained flat at $6.19 during midday trading on Tuesday. 30,410 shares of the company’s stock were exchanged. Genie Energy has a 12-month low of $5.07 and a 12-month high of $8.31. The company’s market capitalization is $152.74 million. The stock’s 50-day moving average is $7.15 and its 200 day moving average is $6.83.
Genie Energy (NYSE:GNE) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported ($0.50) EPS for the quarter. Genie Energy had a negative net margin of 18.10% and a negative return on equity of 24.53%. The firm had revenue of $52.21 million for the quarter. Equities analysts forecast that Genie Energy will post ($0.77) earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.85%. Genie Energy’s dividend payout ratio is presently -14.59%.
In other news, Director James A. Courter sold 5,000 shares of the company’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $7.36, for a total transaction of $36,800.00. Following the transaction, the director now owns 346,983 shares of the company’s stock, valued at approximately $2,553,794.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 30,000 shares of company stock worth $218,700 in the last ninety days. 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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