Genie Energy - GNE Stock Forecast, Price & News

Genie Energy's stock was trading at $5.57 at the beginning of the year. Since then, GNE shares have increased by 67.3% and is now trading at $9.32.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our GNE earnings forecast.

Genie Energy Ltd. (NYSE:GNE) issued its earnings results on Thursday, March, 12th. The oil and gas producer reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.17. The oil and gas producer earned $81.95 million during the quarter. Genie Energy had a trailing twelve-month return on equity of 53.53% and a net margin of 21.35%.

Genie Energy declared a quarterly dividend on Tuesday, August 9th. Shareholders of record on Thursday, August 18th will be given a dividend of $0.075 per share on Friday, August 26th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Wednesday, August 17th.
Read our dividend analysis for GNE.

Genie Energy (NYSE:GNE) pays an annual dividend of $0.30 per share and currently has a dividend yield of 3.21%. The dividend payout ratio is 10.03%. 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."

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 $9.32.

Genie Energy (NYSE:GNE) has a market capitalization of $244.15 million and generates $363.73 million in revenue each year. The oil and gas producer earns $29.21 million in net income (profit) each year or $2.99 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.