Genie Energy Ltd. (NYSE:GNE – Get Free Report) announced a quarterly dividend on Thursday, February 5th. Investors of record on Wednesday, February 18th will be paid a dividend of 0.075 per share by the oil and gas producer on Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, February 18th.
Genie Energy Stock Performance
Shares of GNE stock traded up $0.27 during trading hours on Friday, hitting $14.20. The stock had a trading volume of 16,159 shares, compared to its average volume of 69,681. Genie Energy has a twelve month low of $13.05 and a twelve month high of $28.47. The firm has a market capitalization of $376.17 million, a PE ratio of 17.74 and a beta of 0.12. The stock’s 50 day moving average is $14.12 and its 200 day moving average is $15.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.91 and a quick ratio of 1.74.
Genie Energy (NYSE:GNE – Get Free Report) last announced its quarterly earnings data on Monday, November 3rd. The oil and gas producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.29). The firm had revenue of $138.32 million during the quarter, compared to analyst estimates of $130.79 million. Genie Energy had a net margin of 1.00% and a return on equity of 4.47%.
About Genie Energy
Genie Energy Ltd. (NYSE: GNE) is a diversified energy holding company that operates through two primary segments: upstream oil and natural gas exploration and retail energy supply. Its exploration arm, Genie Energy E&P, pursues development of oil shale resources and conventional hydrocarbon deposits, holding licenses for projects in regions such as Israel’s Shefela basin and Jordan’s oil shale formations. The division also explores select opportunities in North America, leveraging technical partnerships to advance resource evaluation and pilot production programs.
Genie Retail Energy provides electricity and natural gas to residential and small commercial customers under regulated and deregulated frameworks.
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