Genie Energy (NYSE:GNE - Get Free Report) announced its quarterly earnings data on Tuesday. The oil and gas producer reported $0.42 earnings per share (EPS) for the quarter, Zacks reports. Genie Energy had a return on equity of 21.48% and a net margin of 0.80%.
Genie Energy Trading Up 4.8 %
Shares of GNE stock traded up $0.74 during trading hours on Tuesday, reaching $16.02. The company had a trading volume of 22,660 shares, compared to its average volume of 77,763. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.56 and a quick ratio of 2.47. Genie Energy has a 1-year low of $13.05 and a 1-year high of $17.93. The company has a 50 day moving average of $14.85 and a 200 day moving average of $15.02. The firm has a market cap of $432.57 million, a price-to-earnings ratio of 114.37 and a beta of -0.02.
Genie Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 18th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Tuesday, February 18th. Genie Energy's dividend payout ratio (DPR) is presently 214.29%.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Genie Energy from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 20th.
View Our Latest Analysis on Genie Energy
Genie Energy Company Profile
(
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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.
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