Genie Energy Ltd. (NYSE:GNE) Director James A. Courter sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $6.67, for a total value of $33,350.00. Following the completion of the transaction, the director now directly owns 326,983 shares in the company, valued at $2,180,976.61. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Genie Energy Ltd. (NYSE:GNE) traded down 0.15% during mid-day trading on Friday, hitting $6.85. The stock had a trading volume of 26,436 shares. The firm has a 50 day moving average of $7.39 and a 200-day moving average of $6.77. The stock’s market cap is $169.03 million. Genie Energy Ltd. has a one year low of $5.07 and a one year high of $8.31.
Genie Energy (NYSE:GNE) last released its earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.13 earnings per share for the quarter. The business had revenue of $69.44 million for the quarter. Genie Energy had a positive return on equity of 0.37% and a negative net margin of 11.89%. Equities research analysts expect that Genie Energy Ltd. will post ($0.77) earnings per share for the current fiscal year.
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Separately, TheStreet raised Genie Energy from a “d” rating to a “c-” rating in a report 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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