Genie Energy (GNE) Earning Somewhat Positive News Coverage, Analysis Finds

News stories about Genie Energy (NYSE:GNE) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Genie Energy earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the oil and gas producer an impact score of 46.8378886642545 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Shares of Genie Energy (GNE) traded down $0.04 during mid-day trading on Friday, hitting $4.45. 78,900 shares of the stock were exchanged, compared to its average volume of 68,867. Genie Energy has a 52 week low of $4.18 and a 52 week high of $8.31. The firm has a market cap of $104.48, a PE ratio of -11.12 and a beta of 2.02. The company has a current ratio of 1.70, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05.

Genie Energy (NYSE:GNE) last announced its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.02 earnings per share (EPS) for the quarter. Genie Energy had a negative net margin of 3.62% and a negative return on equity of 15.84%. The company had revenue of $69.47 million during the quarter.

In other news, Director James A. Courter sold 5,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $5.24, for a total value of $26,200.00. Following the sale, the director now owns 286,983 shares of the company’s stock, valued at approximately $1,503,790.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 31.00% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Genie Energy (NYSE:GNE)

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