Insider Selling: Genie Energy Ltd. (GNE) Director Sells $33,350.00 in Stock
Genie Energy Ltd. (NYSE:GNE) Director James A. Courter sold 5,000 shares of Genie Energy stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $6.67, for a total transaction of $33,350.00. Following the transaction, the director now owns 326,983 shares of the company’s stock, valued at $2,180,976.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Genie Energy Ltd. (GNE) traded down 0.30% during trading on Monday, reaching $6.65. 16,317 shares of the company were exchanged. The firm’s market capitalization is $164.10 million. Genie Energy Ltd. has a 1-year low of $5.07 and a 1-year high of $8.31. The company’s 50-day moving average is $7.67 and its 200 day moving average is $6.68.
Genie Energy (NYSE:GNE) last posted its earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.13 EPS for the quarter. Genie Energy had a negative net margin of 11.89% and a positive return on equity of 0.37%. The company had revenue of $69.44 million during the quarter. Equities research analysts expect that Genie Energy Ltd. will post ($0.77) EPS for the current fiscal year.
Separately, TheStreet upgraded shares of Genie Energy from a “d” rating to a “c-” rating in a report on Wednesday, May 3rd.
Genie Energy Company Profile
Genie Energy Ltd. (Genie) owns interest in its subsidiary, Genie Energy International Corporation, which owns Genie Retail Energy and Genie Oil and Gas, Inc The Company operates through three segments: Genie Retail Energy (GRE), Afek Oil and Gas, Ltd. (Afek), and Genie Oil and Gas (GOGAS). The GRE segment operates retail energy providers (REPs), including IDT Energy, Inc and Residents Energy, Inc, and energy brokerage and marketing services.
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