Genesis Energy (NYSE:GEL) Announces Quarterly Earnings Results

Genesis Energy (NYSE:GEL) announced its quarterly earnings data on Thursday. The pipeline company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.10), Briefing.com reports. The business had revenue of $770.11 million during the quarter. Genesis Energy had a net margin of 4.14% and a return on equity of 14.63%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the company posted ($0.21) EPS.

Genesis Energy Price Performance

Shares of NYSE GEL traded up $0.52 during mid-day trading on Friday, hitting $12.77. 522,672 shares of the stock were exchanged, compared to its average volume of 407,111. Genesis Energy has a twelve month low of $8.05 and a twelve month high of $12.83. The stock’s fifty day simple moving average is $11.57 and its two-hundred day simple moving average is $11.63. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.86 and a current ratio of 1.00. The company has a market cap of $1.56 billion, a P/E ratio of 37.56 and a beta of 2.01.

Genesis Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.60 dividend on an annualized basis and a yield of 4.70%. Genesis Energy’s dividend payout ratio (DPR) is presently 176.48%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Genesis Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th.

Genesis Energy Company Profile

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.