Genie Energy Ltd (NYSE: GNE) has reported E.P.S. of $0.31 for its first fiscal quarter (ending March 31) versus $0.44 for the same period a year ago — a decline of -30%. For the latest four quarters through March 31, E.P.S. were $0.40 versus $2.04 for the same period a year ago — a decline of -80%.
Recent Price Action
On 5/8/24, Genie Energy Ltd (NYSE: GNE) stock suffered a large decline of -7.0%, closing at $14.78. Moreover, above average trading volume at 140% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -3.3% during the last week.
Current PriceTarget Research Rating
GNE’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Genie Energy has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Genie Energy has a neutral Power Rating of 42 but a poor Appreciation Score of 20, triggering the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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