Genie Energy (NYSE:GNE – Get Free Report) announced its earnings results on Tuesday. The oil and gas producer reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04), FiscalAI reports. The company had revenue of $121.59 million for the quarter, compared to analysts’ expectations of $123.83 million. Genie Energy had a return on equity of 4.47% and a net margin of 1.00%.
Genie Energy Stock Performance
NYSE:GNE opened at $14.49 on Wednesday. The company has a fifty day simple moving average of $14.09 and a two-hundred day simple moving average of $14.29. The company has a market cap of $383.88 million, a price-to-earnings ratio of 18.11 and a beta of 0.20. The company has a quick ratio of 1.74, a current ratio of 1.91 and a debt-to-equity ratio of 0.04. Genie Energy has a 52 week low of $13.19 and a 52 week high of $28.47.
Genie Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 26th. Shareholders of record on Wednesday, February 18th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, February 18th. Genie Energy’s dividend payout ratio (DPR) is currently 37.50%.
Wall Street Analyst Weigh In
View Our Latest Analysis on Genie Energy
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its holdings in Genie Energy by 798.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 64,105 shares of the oil and gas producer’s stock worth $958,000 after purchasing an additional 56,966 shares during the period. Millennium Management LLC boosted its stake in shares of Genie Energy by 22.4% in the 3rd quarter. Millennium Management LLC now owns 63,483 shares of the oil and gas producer’s stock valued at $949,000 after buying an additional 11,607 shares during the period. Barclays PLC grew its position in shares of Genie Energy by 4.8% during the fourth quarter. Barclays PLC now owns 53,586 shares of the oil and gas producer’s stock worth $738,000 after buying an additional 2,464 shares in the last quarter. Jane Street Group LLC grew its position in shares of Genie Energy by 128.9% during the first quarter. Jane Street Group LLC now owns 45,372 shares of the oil and gas producer’s stock worth $683,000 after buying an additional 25,548 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Genie Energy by 219.2% during the third quarter. Franklin Resources Inc. now owns 29,061 shares of the oil and gas producer’s stock worth $434,000 after buying an additional 19,958 shares during the period. 49.15% of the stock is currently owned by hedge funds and other institutional investors.
Genie Energy Company Profile
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.
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