Genesis Energy (NYSE:GEL) Posts Quarterly Earnings Results, Misses Estimates By $0.53 EPS

Genesis Energy (NYSE:GEL) issued its earnings results on Thursday. The pipeline company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.53), Zacks reports. Genesis Energy had a negative return on equity of 0.31% and a negative net margin of 0.09%.

Genesis Energy Trading Up 14.2 %

Shares of NYSE GEL traded up $1.48 during trading hours on Thursday, hitting $11.89. The company’s stock had a trading volume of 442,242 shares, compared to its average volume of 698,499. Genesis Energy has a 12 month low of $9.86 and a 12 month high of $15.17. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -16.06 and a beta of 2.13. The company has a debt-to-equity ratio of 5.13, a quick ratio of 0.91 and a current ratio of 1.03. The business has a 50-day simple moving average of $10.51 and a 200-day simple moving average of $12.01.

Genesis Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend is Friday, January 31st. Genesis Energy’s dividend payout ratio (DPR) is -89.19%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Capital One Financial upgraded Genesis Energy from an “equal weight” rating to an “overweight” rating in a report on Friday, November 1st. Royal Bank of Canada lifted their price target on Genesis Energy from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th.

About Genesis Energy

Genesis Energy, L.P. provides integrated suite of midstream services in crude oil and natural gas industry in the United States. It operates through Offshore Pipeline Transportation, Soda and Sulfur Services, Marine Transportation, and Onshore Facilities and Transportation segments. The Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations, as well as deep water pipeline servicing.