Genie Energy Ltd (NYSE:GNE) Director James A. Courter sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 12th. The shares were sold at an average price of $7.27, for a total value of $36,350.00. Following the completion of the sale, the director now directly owns 356,983 shares of the company’s stock, valued at $2,595,266.41. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Genie Energy Ltd (NYSE:GNE) opened at 8.07 on Friday. The stock has a 50 day moving average price of $6.91 and a 200 day moving average price of $6.06. The firm’s market capitalization is $199.01 million. Genie Energy Ltd has a 12-month low of $5.07 and a 12-month high of $8.31.
Genie Energy (NYSE:GNE) last released its earnings results on Wednesday, March 8th. The oil and gas producer reported ($0.05) earnings per share (EPS) for the quarter. The business earned $51.50 million during the quarter. Genie Energy had a negative net margin of 12.99% and a positive return on equity of 0.31%. Analysts predict that Genie Energy Ltd will post ($0.77) EPS for the current fiscal year.
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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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