Genie Energy Ltd. Declares Quarterly Dividend of $0.08 (NYSE:GNE)

Genie Energy Ltd. (NYSE:GNE) announced a quarterly dividend on Monday, November 3rd. Shareholders of record on Monday, November 10th will be given a dividend of 0.075 per share by the oil and gas producer on Wednesday, November 19th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, November 10th.

Genie Energy Price Performance

NYSE GNE traded down $0.21 on Monday, hitting $14.84. 250,202 shares of the company’s stock were exchanged, compared to its average volume of 139,463. The stock has a 50-day moving average of $15.28 and a 200-day moving average of $18.38. The company has a current ratio of 1.99, a quick ratio of 1.85 and a debt-to-equity ratio of 0.04. Genie Energy has a 52 week low of $13.05 and a 52 week high of $28.47. The stock has a market cap of $396.44 million, a price-to-earnings ratio of 15.79 and a beta of 0.05.

Genie Energy (NYSE:GNE) last released its earnings results on Thursday, August 7th. The oil and gas producer reported $0.11 earnings per share for the quarter. The firm had revenue of $105.25 million during the quarter. Genie Energy had a return on equity of 6.40% and a net margin of 1.82%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GNE shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Genie Energy in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Genie Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 6th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

About Genie Energy

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.