Genie Energy (NYSE:GNE – Get Rating) is set to issue its quarterly earnings data before the market opens on Monday, August 8th. Parties that wish to listen to the company’s conference call can do so using this link.
Genie Energy (NYSE:GNE – Get Rating) last announced its earnings results on Monday, May 9th. The oil and gas producer reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $98.53 million during the quarter. Genie Energy had a net margin of 12.73% and a return on equity of 29.18%.
Genie Energy Trading Up 3.2 %
Shares of NYSE GNE opened at $9.00 on Friday. The firm has a 50 day moving average of $8.78 and a 200 day moving average of $7.20. The firm has a market capitalization of $235.76 million, a price-to-earnings ratio of 4.79 and a beta of 0.32. Genie Energy has a 12-month low of $4.74 and a 12-month high of $10.49.
Genie Energy Dividend Announcement
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on GNE shares. StockNews.com started coverage on shares of Genie Energy in a research report on Monday, June 6th. They issued a “hold” rating for the company. TheStreet upgraded shares of Genie Energy from a “c+” rating to a “b” rating in a research report on Monday, May 9th.
Hedge Funds Weigh In On Genie Energy
An institutional investor recently raised its position in Genie Energy stock. State Street Corp boosted its holdings in shares of Genie Energy Ltd. (NYSE:GNE – Get Rating) by 4.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,674 shares of the oil and gas producer’s stock after purchasing an additional 4,481 shares during the quarter. State Street Corp owned about 0.37% of Genie Energy worth $653,000 as of its most recent SEC filing. Institutional investors and hedge funds own 24.70% of the company’s stock.
Genie Energy 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.
- Get a free copy of the StockNews.com research report on Genie Energy (GNE)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Why Apple Could Be At All-Time Highs By Year End
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
Receive News & Ratings for Genie Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genie Energy and related companies with MarketBeat.com's FREE daily email newsletter.