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 31.8% and is now trading at $13.63.
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Genie Energy saw a increase in short interest in March. As of March 15th, there was short interest totaling 213,900 shares, an increase of 11.0% from the February 28th total of 192,700 shares. Based on an average trading volume of 95,800 shares, the short-interest ratio is currently 2.2 days. Approximately 1.1% of the shares of the stock are short sold.
View Genie Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our GNE earnings forecast.

Genie Energy Ltd. (NYSE:GNE) posted its earnings results on Thursday, March, 12th. The oil and gas producer reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by $0.17. The oil and gas producer earned $81.95 million during the quarter. Genie Energy had a net margin of 26.11% and a trailing twelve-month return on equity of 63.08%.

Genie Energy declared a quarterly dividend on Thursday, February 9th. Investors of record on Tuesday, February 21st will be paid a dividend of $0.075 per share on Wednesday, March 1st. This represents a $0.30 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Friday, February 17th.
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 2.33%. The dividend payout ratio is 9.15%. 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 variety of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (4.32%), Renaissance Technologies LLC (2.40%), Kahn Brothers Group Inc. (1.26%), Marshall Wace LLP (0.63%), EAM Investors LLC (0.56%) and Millennium Management LLC (0.44%).
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 $13.63.

Genie Energy (NYSE:GNE) has a market capitalization of $354.52 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 $3.28 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.