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NYSE:GNE

Genie Energy - GNE Stock Forecast, Price & News

$9.96
+0.01 (+0.10%)
(As of 08/11/2022 10:44 AM ET)
Add
Compare
Today's Range
$9.96
$9.96
50-Day Range
$7.81
$10.29
52-Week Range
$4.74
$10.49
Volume
71 shs
Average Volume
98,100 shs
Market Capitalization
$260.95 million
P/E Ratio
3.33
Dividend Yield
2.95%
Price Target
N/A

Genie Energy MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
1.44% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-4.41
Upright™ Environmental Score
News Sentiment
1.02mentions of Genie Energy in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.15 out of 5 stars

Utilities Sector

46th out of 87 stocks

Electric & Other Services Combined Industry

12th out of 20 stocks

GNE stock logo

About Genie Energy (NYSE:GNE) Stock

Genie Energy Ltd., through its subsidiaries, supplies electricity and natural gas to residential and small business customers in the United States, Finland, Sweden, Japan, and internationally. It operates in three segments: Genie Retail Energy (GRE); GRE International; and Genie Renewables. The company also engages in the provision of energy advisory and brokerage services; solar panel manufacturing and distribution; solar installation design; and project management activities. Genie Energy Ltd. was incorporated in 2011 and is headquartered in Newark, New Jersey.

Genie Energy Stock Performance

GNE Stock traded down $0.22 during trading on Wednesday, hitting $9.95. 94,454 shares of the company's stock traded hands, compared to its average volume of 58,381. Genie Energy has a 52 week low of $4.74 and a 52 week high of $10.49. The business has a fifty day simple moving average of $8.85 and a 200 day simple moving average of $7.28. The stock has a market capitalization of $260.65 million, a price-to-earnings ratio of 5.41 and a beta of 0.32.

Genie Energy (NYSE:GNE - Get Rating) last posted its quarterly earnings results on Monday, May 9th. The oil and gas producer reported $0.67 EPS for the quarter. The company had revenue of $98.53 million for the quarter. Genie Energy had a net margin of 12.73% and a return on equity of 29.18%.

Genie Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Thursday, August 18th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Wednesday, August 17th. Genie Energy's dividend payout ratio (DPR) is presently 15.96%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GNE shares. TheStreet upgraded shares of Genie Energy from a "c+" rating to a "b" rating in a research note on Monday, May 9th. StockNews.com initiated coverage on shares of Genie Energy in a research note on Monday, June 6th. They set a "hold" rating on the stock.

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GNE Stock News Headlines

Genie Energy Announces Second Quarter Results
Genie Energy (GNE) Scheduled to Post Earnings on Monday
Genie Energy to Report Second Quarter 2022 Results
Genie Energy Ltd. Class B Stock News
Genie Energy Ltd. Class B Stock
Reasons why the market is watching Genie Energy (NYQ:GNE)
3 Great Income Stocks to Buy in June
Genie Energy goes ex-dividend tomorrow
Genie Energy Announces First Quarter Results
Genie Energy to Report First Quarter 2022 Results
GNE_pa Technical Analysis
Genie Energy Ltd. (GNE)
Genie Energy reiterates dividend at $0.075
See More Headlines
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GNE Company Calendar

Last Earnings
3/12/2020
Ex-Dividend for 5/31 Dividend
5/19/2022
Dividend Payable
5/31/2022
Today
8/11/2022
Ex-Dividend for 8/26 Dividend
8/17/2022
Dividend Payable
8/26/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electric & other services combined
Sub-Industry
Independent Power Producers & Energy Traders
Sector
Utilities
CUSIP
37228420
Employees
186
Year Founded
N/A

Profitability

Net Income
$29.21 million
Pretax Margin
25.12%

Debt

Sales & Book Value

Annual Sales
$363.73 million
Cash Flow
$0.99 per share
Book Value
$5.17 per share

Miscellaneous

Free Float
21,533,000
Market Cap
$260.95 million
Optionable
Optionable
Beta
0.32














GNE Stock - Frequently Asked Questions

How have GNE shares performed in 2022?

Genie Energy's stock was trading at $5.57 at the start of the year. Since then, GNE shares have increased by 78.6% and is now trading at $9.95.
View the best growth stocks for 2022 here
.

Are investors shorting Genie Energy?

Genie Energy saw a decrease in short interest during the month of July. As of July 31st, there was short interest totaling 182,700 shares, a decrease of 7.7% from the July 15th total of 197,900 shares. Based on an average daily volume of 97,900 shares, the short-interest ratio is presently 1.9 days. Currently, 1.4% of the shares of the stock are short sold.
View Genie Energy's Short Interest
.

When is Genie Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our GNE earnings forecast
.

How were Genie Energy's earnings last quarter?

Genie Energy Ltd. (NYSE:GNE) posted its quarterly earnings results on Thursday, March, 12th. The oil and gas producer reported $0.01 earnings per share (EPS) 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 29.18% and a net margin of 12.73%.

How often does Genie Energy pay dividends? What is the dividend yield for Genie Energy?

Genie Energy announced a quarterly dividend on Tuesday, August 9th. Shareholders of record on Thursday, August 18th will be paid 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 3.02%. The ex-dividend date of this dividend is Wednesday, August 17th.
Read our dividend analysis for GNE
.

Is Genie Energy a good dividend stock?

Genie Energy (NYSE:GNE) pays an annual dividend of $0.30 per share and currently has a dividend yield of 2.95%. The dividend payout ratio is 15.96%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for GNE.

What is Marc England's approval rating as Genie Energy's CEO?

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.

What other stocks do shareholders of Genie Energy own?

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).

What is Genie Energy's stock symbol?

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

How do I buy shares of Genie Energy?

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.
Compare Top Brokerages Here.

What is Genie Energy's stock price today?

One share of GNE stock can currently be purchased for approximately $9.95.

How much money does Genie Energy make?

Genie Energy (NYSE:GNE) has a market capitalization of $260.65 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 $1.88 on an earnings per share basis.

How many employees does Genie Energy have?

The company employs 186 workers across the globe.

How can I contact Genie Energy?

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.

This page (NYSE:GNE) was last updated on 8/11/2022 by MarketBeat.com Staff

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