Shares of Genie Energy Ltd (NYSE:GNE) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Zacks has also assigned Genie Energy an industry rank of 148 out of 256 based on the ratings given to related companies.
GNE has been the topic of a number of research reports. ValuEngine downgraded shares of Genie Energy from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Noble Financial initiated coverage on shares of Genie Energy in a report on Wednesday, March 20th. They issued a “hold” rating on the stock.
Shares of GNE stock opened at $10.65 on Tuesday. The stock has a market cap of $288.52 million, a PE ratio of 12.24 and a beta of 1.37. Genie Energy has a 52 week low of $4.81 and a 52 week high of $11.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.02. The business has a fifty day moving average of $9.83.
Genie Energy (NYSE:GNE) last announced its quarterly earnings results on Monday, May 6th. The oil and gas producer reported $0.21 EPS for the quarter, topping the consensus estimate of $0.05 by $0.16. The business had revenue of $86.62 million for the quarter, compared to analysts’ expectations of $72.40 million. Genie Energy had a net margin of 8.18% and a return on equity of 37.04%. On average, research analysts forecast that Genie Energy will post 0.8 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were given a $0.075 dividend. The ex-dividend date was Friday, May 17th. This represents a $0.30 annualized dividend and a yield of 2.82%. Genie Energy’s dividend payout ratio (DPR) is 33.33%.
About Genie Energy
Genie Energy Ltd., through its subsidiaries, operates as a retail energy provider; and an oil and gas exploration company. The company operates through three segments: Genie Retail Energy; Genie Energy Services; and Genie Oil and Gas, Inc It resells electricity and natural gas to residential and small business customers primarily in the Eastern and Midwestern United States, as well as in the United Kingdom, Japan, and Finland.
Featured Story: What impact do institutional investors have on markets?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.