Genie Energy Ltd. (NYSE:GNE) Director James A. Courter sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $6.70, for a total value of $33,500.00. Following the completion of the sale, the director now directly owns 321,983 shares of the company’s stock, valued at $2,157,286.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Genie Energy Ltd. (GNE) traded down 2.21% on Friday, reaching $6.63. The company’s stock had a trading volume of 28,935 shares. The firm’s market capitalization is $163.60 million. Genie Energy Ltd. has a 52 week low of $5.07 and a 52 week high of $8.31. The company has a 50 day moving average of $7.21 and a 200 day moving average of $6.80.
Genie Energy (NYSE:GNE) last released its quarterly earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.13 EPS for the quarter. Genie Energy had a positive return on equity of 0.37% and a negative net margin of 11.89%. The company had revenue of $69.44 million for the quarter. On average, analysts forecast that Genie Energy Ltd. will post ($0.77) earnings per share for the current year.
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A hedge fund recently bought a new stake in Genie Energy stock. Strs Ohio purchased a new position in Genie Energy Ltd. (NYSE:GNE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 24,630 shares of the oil and gas producer’s stock, valued at approximately $187,000. Strs Ohio owned 0.10% of Genie Energy as of its most recent filing with the SEC. 18.54% of the stock is owned by hedge funds and other institutional investors.
Separately, TheStreet raised Genie Energy from a “d” rating to a “c-” rating in a research note on Wednesday, May 3rd.
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.
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