Shares of Genie Energy Ltd (NYSE:GNE) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Zacks has also assigned Genie Energy an industry rank of 147 out of 256 based on the ratings given to its competitors.

Several analysts recently issued reports on GNE shares. Zacks Investment Research upgraded shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. Noble Financial initiated coverage on Genie Energy in a research report on Wednesday, March 20th. They issued a “hold” rating for the company. Finally, ValuEngine raised Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, April 1st.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. grew its position in Genie Energy by 31.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 70,358 shares of the oil and gas producer’s stock valued at $424,000 after acquiring an additional 16,800 shares in the last quarter. Willingdon Wealth Management acquired a new position in shares of Genie Energy during the first quarter worth about $26,000. PEAK6 Investments LLC acquired a new position in shares of Genie Energy during the fourth quarter worth about $171,000. Deutsche Bank AG grew its position in shares of Genie Energy by 538.5% during the fourth quarter. Deutsche Bank AG now owns 14,059 shares of the oil and gas producer’s stock worth $84,000 after buying an additional 11,857 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Genie Energy by 142.0% during the first quarter. Acadian Asset Management LLC now owns 58,916 shares of the oil and gas producer’s stock worth $501,000 after buying an additional 34,569 shares in the last quarter. 19.69% of the stock is owned by institutional investors.

Shares of NYSE GNE remained flat at $$11.17 during trading on Wednesday. The stock had a trading volume of 261,200 shares, compared to its average volume of 232,076. The stock has a market cap of $302.60 million, a PE ratio of 12.41 and a beta of 1.41. Genie Energy has a fifty-two week low of $5.07 and a fifty-two week high of $11.98. The company’s 50-day moving average price is $10.41. The company has a current ratio of 2.02, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Genie Energy (NYSE:GNE) last issued its quarterly earnings data on Monday, May 6th. The oil and gas producer reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.16. The firm had revenue of $86.62 million for the quarter, compared to analyst estimates of $72.40 million. Genie Energy had a net margin of 8.18% and a return on equity of 37.04%. As a group, equities analysts expect that Genie Energy will post 0.8 EPS for the current fiscal year.

Genie Energy Company Profile

Genie Energy Ltd., through its subsidiaries, operates as a retail energy provider; and an oil and gas exploration company. The company operates through three segments: Genie Retail Energy; Genie Energy Services; and Genie Oil and Gas, Inc It resells electricity and natural gas to residential and small business customers primarily in the Eastern and Midwestern United States, as well as in the United Kingdom, Japan, and Finland.

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