Genesis Energy (GEL) Projected to Post Earnings on Thursday

Genesis Energy (NYSE:GEL) is expected to be releasing its earnings data before the market opens on Thursday, February 13th. Analysts expect Genesis Energy to post earnings of ($0.05) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Genesis Energy Price Performance

Shares of Genesis Energy stock opened at $10.97 on Thursday. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -14.83 and a beta of 2.13. The firm’s 50-day moving average price is $10.61 and its two-hundred day moving average price is $12.14. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 5.13. Genesis Energy has a 1-year low of $9.86 and a 1-year high of $15.17.

Genesis Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 6.01%. The ex-dividend date of this dividend is Friday, January 31st. Genesis Energy’s payout ratio is currently -89.19%.

Analyst Ratings Changes

Several brokerages have issued reports on GEL. Capital One Financial upgraded Genesis Energy from an “equal weight” rating to an “overweight” rating in a research 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 company an “outperform” rating in a report 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.