Genie Energy (GNE) Scheduled to Post Quarterly Earnings on Wednesday

Genie Energy (NYSE:GNE - Get Free Report) will be announcing its earnings results before the market opens on Wednesday, November 6th. Investors interested in registering for the company's conference call can do so using this link.

Genie Energy (NYSE:GNE - Get Free Report) last issued its earnings results on Tuesday, August 6th. The oil and gas producer reported $0.37 EPS for the quarter. Genie Energy had a return on equity of 23.30% and a net margin of 1.75%. The business had revenue of $90.70 million during the quarter.

Genie Energy Price Performance

Shares of GNE traded down $0.22 during midday trading on Wednesday, hitting $15.80. 19,472 shares of the company traded hands, compared to its average volume of 119,424. Genie Energy has a one year low of $14.00 and a one year high of $30.90. The firm has a market cap of $428.67 million, a P/E ratio of 31.96 and a beta of 0.08. The stock has a 50-day moving average of $16.50 and a 200-day moving average of $15.86.

Genie Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Wednesday, August 14th were given a dividend of $0.075 per share. The ex-dividend date was Wednesday, August 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.90%. Genie Energy's dividend payout ratio (DPR) is currently 60.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Genie Energy from a "hold" rating to a "buy" rating in a research note on Thursday, August 1st.

Insider Buying and Selling at Genie Energy

In related news, CFO Avi Goldin sold 2,300 shares of the company's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $17.19, for a total value of $39,537.00. Following the completion of the transaction, the chief financial officer now directly owns 134,999 shares in the company, valued at approximately $2,320,632.81. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Genie Energy news, CFO Avi Goldin sold 2,300 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $17.19, for a total transaction of $39,537.00. Following the transaction, the chief financial officer now directly owns 134,999 shares in the company, valued at $2,320,632.81. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James A. Courter sold 3,675 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $17.19, for a total transaction of $63,173.25. Following the completion of the sale, the director now owns 304,411 shares of the company's stock, valued at approximately $5,232,825.09. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.50% of the stock is currently owned by company insiders.

Genie Energy Company Profile

Genie Energy Ltd., through its subsidiaries, engages in the supply of electricity and natural gas to residential and small business customers in the United States and internationally. It operates in two segments, GRE and Genie Renewables. The company also develops, constructs, and operates solar energy projects for commercial and industrial customers, as well as its own portfolio; provides energy brokerage and advisory services; markets community solar energy solutions; and manufactures and distributes solar panel, as well as engages in solar installation design and project management activities.