Media headlines about Genie Energy (NYSE:GNE) have been trending somewhat positive this week, Accern reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Genie Energy earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media headlines about the oil and gas producer an impact score of 44.9033395301315 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Separately, TheStreet raised Genie Energy from a “d” rating to a “c-” rating in a report on Wednesday, May 3rd.
Shares of Genie Energy (NYSE:GNE) traded down 2.21% during mid-day trading on Friday, reaching $6.63. The company’s stock had a trading volume of 28,935 shares. Genie Energy has a 12 month low of $5.07 and a 12 month high of $8.31. The company’s market cap is $153.17 million. 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 issued its quarterly earnings data on Wednesday, May 3rd. The oil and gas producer reported $0.13 earnings per share (EPS) for the quarter. Genie Energy had a negative net margin of 11.89% and a positive return on equity of 0.37%. The firm had revenue of $69.44 million during the quarter. Equities research analysts forecast that Genie Energy will post ($0.77) earnings per share for the current fiscal year.
In other news, Director James A. Courter sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $7.68, for a total transaction of $38,400.00. Following the completion of the sale, the director now owns 341,983 shares of the company’s stock, valued at approximately $2,626,429.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 30,000 shares of company stock valued at $218,700. Insiders own 31.00% of the company’s stock.
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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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