Genie Energy Ltd. (NYSE:GNE) Short Interest Update

Genie Energy Ltd. (NYSE:GNE) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 679,063 shares, a growth of 43.4% from the November 30th total of 473,396 shares. Based on an average daily volume of 112,108 shares, the short-interest ratio is presently 6.1 days. Currently, 3.1% of the shares of the stock are sold short. Currently, 3.1% of the shares of the stock are sold short. Based on an average daily volume of 112,108 shares, the short-interest ratio is presently 6.1 days.

Genie Energy Price Performance

Shares of NYSE:GNE traded up $0.18 during trading on Tuesday, reaching $14.03. The stock had a trading volume of 93,836 shares, compared to its average volume of 107,120. The stock has a market capitalization of $371.80 million, a PE ratio of 9.36 and a beta of 0.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.91 and a quick ratio of 1.74. Genie Energy has a 52 week low of $13.05 and a 52 week high of $28.47. The business’s 50-day moving average price is $14.47 and its 200 day moving average price is $17.15.

Genie Energy (NYSE:GNE) last released its quarterly earnings results on Monday, November 3rd. The oil and gas producer reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.29). The business had revenue of $138.32 million for the quarter, compared to analyst estimates of $130.79 million. Genie Energy had a net margin of 1.00% and a return on equity of 4.47%.

Genie Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were given a dividend of $0.075 per share. The ex-dividend date was Monday, November 10th. This represents a $0.30 annualized dividend and a yield of 2.1%. Genie Energy’s dividend payout ratio is 37.50%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GNE. Weiss Ratings reiterated a “hold (c)” rating on shares of Genie Energy in a research note on Wednesday, October 8th. Wall Street Zen lowered Genie Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Hedge Funds Weigh In On Genie Energy

A number of institutional investors have recently modified their holdings of GNE. Quarry LP bought a new stake in shares of Genie Energy during the 3rd quarter valued at $35,000. Federated Hermes Inc. grew its stake in shares of Genie Energy by 168.2% during the third quarter. Federated Hermes Inc. now owns 2,406 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 1,509 shares during the period. Ameritas Investment Partners Inc. increased its holdings in Genie Energy by 71.6% in the second quarter. Ameritas Investment Partners Inc. now owns 2,171 shares of the oil and gas producer’s stock valued at $58,000 after purchasing an additional 906 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Genie Energy in the first quarter valued at about $85,000. Finally, Virtus Advisers LLC acquired a new position in Genie Energy in the third quarter valued at about $124,000. 49.15% of the stock is owned by institutional investors.

About Genie Energy

Genie Energy Ltd. (NYSE: GNE) is a diversified energy holding company that operates through two primary segments: upstream oil and natural gas exploration and retail energy supply. Its exploration arm, Genie Energy E&P, pursues development of oil shale resources and conventional hydrocarbon deposits, holding licenses for projects in regions such as Israel’s Shefela basin and Jordan’s oil shale formations. The division also explores select opportunities in North America, leveraging technical partnerships to advance resource evaluation and pilot production programs.

Genie Retail Energy provides electricity and natural gas to residential and small commercial customers under regulated and deregulated frameworks.