Genie Energy (GNE) Earning Somewhat Favorable News Coverage, Report Shows

Media headlines about Genie Energy (NYSE:GNE) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Genie Energy earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the oil and gas producer an impact score of 45.781670908936 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Genie Energy (GNE) opened at $4.44 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.70 and a quick ratio of 1.60. Genie Energy has a 52-week low of $4.18 and a 52-week high of $8.31. The stock has a market capitalization of $107.74, a price-to-earnings ratio of -11.10 and a beta of 2.02.

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

In other Genie Energy news, Director James A. Courter sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $6.53, for a total value of $32,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 15,000 shares of company stock valued at $86,950. Insiders own 31.00% of the company’s stock.

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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.

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

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