Genie Energy Ltd. Declares Quarterly Dividend of $0.07 (NYSE:GNE)

Genie Energy Ltd. (NYSE:GNE) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Friday, August 14th will be given a dividend of 0.075 per share by the oil and gas producer on Monday, August 24th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, August 14th.

Genie Energy has decreased its dividend payment by an average of 0.0%per year over the last three years.

Genie Energy Stock Performance

NYSE GNE opened at $14.58 on Friday. Genie Energy has a fifty-two week low of $12.69 and a fifty-two week high of $18.92. The stock has a market cap of $384.82 million, a price-to-earnings ratio of 29.75 and a beta of 0.20. The business has a fifty day moving average of $14.18 and a 200-day moving average of $14.12. The company has a quick ratio of 2.44, a current ratio of 2.54 and a debt-to-equity ratio of 0.03.

Genie Energy (NYSE:GNE) last posted its quarterly earnings data on Thursday, August 6th. The oil and gas producer reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.18. The business had revenue of $100.40 million for the quarter, compared to analyst estimates of $104.57 million. Genie Energy had a return on equity of 9.72% and a net margin of 3.22%.

Genie Energy Company Profile

Genie Energy Ltd. (NYSE: GNE) is a diversified energy holding company that operates through two primary segments: upstream oil and natural gas exploration and retail energy supply. Its exploration arm, Genie Energy E&P, pursues development of oil shale resources and conventional hydrocarbon deposits, holding licenses for projects in regions such as Israel’s Shefela basin and Jordan’s oil shale formations. The division also explores select opportunities in North America, leveraging technical partnerships to advance resource evaluation and pilot production programs.

Genie Retail Energy provides electricity and natural gas to residential and small commercial customers under regulated and deregulated frameworks.