Genie Energy (GNE) Set to Announce Quarterly Earnings on Tuesday

Posted by Trevor Kearing on Aug 5th, 2024

Genie Energy (NYSE:GNE – Get Free Report) will announce its earnings results before the market opens on Tuesday, August 6th. Investors that are interested in participating in the company’s conference call can do so using this link.

Genie Energy (NYSE:GNE – Get Free Report) last issued its earnings results on Wednesday, May 8th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter. Genie Energy had a net margin of 2.99% and a return on equity of 24.06%. The company had revenue of $119.69 million during the quarter.

Genie Energy Trading Down 3.1 %

Shares of Genie Energy stock opened at $16.04 on Monday. Genie Energy has a 12-month low of $13.32 and a 12-month high of $30.90. The stock has a market cap of $435.17 million, a PE ratio of 32.08 and a beta of 0.15. The company has a 50-day moving average of $15.44 and a two-hundred day moving average of $16.35.

Genie Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were issued a $0.075 dividend. The ex-dividend date was Friday, May 17th. This represents a $0.30 dividend on an annualized basis and a yield of 1.87%. Genie Energy’s dividend payout ratio (DPR) is presently 60.00%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Genie Energy from a “hold” rating to a “buy” rating in a report on Thursday.

Read Our Latest Analysis on GNE

Genie Energy Company Profile

(Get Free Report)

Genie Energy Ltd., through its subsidiaries, engages in the supply of electricity and natural gas to residential and small business customers in the United States and internationally. It operates in two segments, GRE and Genie Renewables. The company also develops, constructs, and operates solar energy projects for commercial and industrial customers, as well as its own portfolio; provides energy brokerage and advisory services; markets community solar energy solutions; and manufactures and distributes solar panel, as well as engages in solar installation design and project management activities.