Genie Energy (GNE) Stock Forecast, Price & News

Genie Energy's stock was trading at $10.34 at the start of the year. Since then, GNE shares have increased by 36.3% and is now trading at $14.09.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our GNE earnings forecast.

Genie Energy Ltd. (NYSE:GNE) posted its quarterly earnings data on Monday, March, 13th. The oil and gas producer reported $0.44 EPS for the quarter. The oil and gas producer earned $81.40 million during the quarter. Genie Energy had a net margin of 24.59% and a trailing twelve-month return on equity of 51.66%.

Genie Energy announced a quarterly dividend on Monday, May 8th. Shareholders of record on Friday, May 19th will be paid a dividend of $0.075 per share on Tuesday, May 30th. This represents a $0.30 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Thursday, May 18th.
Read our dividend analysis for GNE.

ETFs with the largest weight of Genie Energy (NYSE:GNE) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Royce Quant Small-Cap Quality Value ETF (SQLV),

Genie Energy (NYSE:GNE) pays an annual dividend of $0.30 per share and currently has a dividend yield of 1.92%. The dividend payout ratio is 9.52%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for GNE.

9 employees have rated Genie Energy Chief Executive Officer Marc England on Glassdoor.com. Marc England has an approval rating of 100% among the company's employees. This puts Marc England in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Genie Energy investors own include Energy Transfer (ET), New Residential Investment (NRZ), Transocean (RIG), Capital Product Partners (CPLP), Enterprise Products Partners (EPD), Freeport-McMoRan (FCX), General Electric (GE), GasLog (GLOG), Schlumberger (SLB) and AT&T (T).

Genie Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "GNE."

Genie Energy's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (4.59%), Renaissance Technologies LLC (2.27%), BlackRock Inc. (1.52%), Acadian Asset Management LLC (0.93%), Geode Capital Management LLC (0.71%) and Arrowstreet Capital Limited Partnership (0.49%).
View institutional ownership trends.

Shares of GNE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GNE stock can currently be purchased for approximately $14.09.

Genie Energy (NYSE:GNE) has a market capitalization of $366.48 million and generates $315.54 million in revenue each year. The oil and gas producer earns $87.81 million in net income (profit) each year or $3.15 on an earnings per share basis.

The company employs 186 workers across the globe.

Genie Energy's mailing address is 520 BROAD STREET, NEWARK NJ, 07102. The official website for the company is www.genie.com. The oil and gas producer can be reached via phone at (973) 438-3500, via email at invest@genie.com, or via fax at 973-438-1256.