Genie Energy (NYSE:GNE) Receives Media Impact Rating of 0.16

Media coverage about Genie Energy (NYSE:GNE) has been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Genie Energy earned a news impact score of 0.16 on Accern’s scale. Accern also gave news headlines about the oil and gas producer an impact score of 44.9033395301315 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

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Separately, TheStreet raised Genie Energy from a “d” rating to a “c-” rating in a research note on Wednesday, May 3rd.

Shares of Genie Energy (NYSE GNE) opened at 6.85 on Thursday. Genie Energy has a 1-year low of $5.07 and a 1-year high of $8.31. The firm’s market cap is $169.03 million. The firm’s 50-day moving average price is $7.42 and its 200 day moving average price is $6.77.

Genie Energy (NYSE:GNE) last announced its quarterly earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $69.44 million for the quarter. Genie Energy had a negative net margin of 11.89% and a positive return on equity of 0.37%. On average, equities research analysts forecast that Genie Energy will post ($0.77) EPS for the current fiscal year.

In related news, Director James A. Courter sold 5,000 shares of Genie Energy stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $7.36, for a total transaction of $36,800.00. Following the sale, the director now directly owns 346,983 shares of the company’s stock, valued at approximately $2,553,794.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 30,000 shares of company stock worth $225,400 over the last ninety days. 31.00% of the stock is currently owned by insiders.

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About Genie Energy

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.