Genie Energy Ltd. (NYSE:GNE – Get Free Report) declared a quarterly dividend on Thursday, May 14th. Stockholders of record on Friday, May 22nd will be paid a dividend of 0.075 per share by the oil and gas producer on Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, May 22nd.
Genie Energy has decreased its dividend payment by an average of 0.0%annually over the last three years.
Genie Energy Price Performance
Shares of GNE opened at $13.67 on Wednesday. Genie Energy has a 52-week low of $12.69 and a 52-week high of $28.47. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.29 and a current ratio of 2.54. The business’s 50 day moving average price is $13.99 and its two-hundred day moving average price is $14.19. The firm has a market cap of $360.76 million, a PE ratio of 17.08 and a beta of 0.20.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on GNE shares. Freedom Capital upgraded Genie Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, May 15th. Wall Street Zen downgraded Genie Energy from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings downgraded Genie Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Genie Energy presently has a consensus rating of “Buy”.
Read Our Latest Stock Report on Genie Energy
Genie Energy Company Profile
Genie Energy Ltd. (NYSE: GNE) is a diversified energy holding company that operates through two primary segments: upstream oil and natural gas exploration and retail energy supply. Its exploration arm, Genie Energy E&P, pursues development of oil shale resources and conventional hydrocarbon deposits, holding licenses for projects in regions such as Israel’s Shefela basin and Jordan’s oil shale formations. The division also explores select opportunities in North America, leveraging technical partnerships to advance resource evaluation and pilot production programs.
Genie Retail Energy provides electricity and natural gas to residential and small commercial customers under regulated and deregulated frameworks.
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