Genesis Energy (GEL) Set to Announce Earnings on Thursday

Genesis Energy (NYSE:GEL) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, October 31st. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Genesis Energy (NYSE:GEL) last posted its quarterly earnings data on Thursday, August 1st. The pipeline company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.22). Genesis Energy had a return on equity of 8.26% and a net margin of 2.34%. The firm had revenue of $756.26 million for the quarter. During the same period in the previous year, the firm posted $0.22 EPS.

Genesis Energy Stock Performance

Shares of NYSE GEL opened at $13.00 on Thursday. The stock has a 50 day moving average price of $13.31 and a 200 day moving average price of $13.22. Genesis Energy has a 52 week low of $10.01 and a 52 week high of $15.17. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.96 and a current ratio of 1.09. The stock has a market capitalization of $1.59 billion, a PE ratio of 38.24 and a beta of 2.10.

Genesis Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 31st will be given a dividend of $0.165 per share. The ex-dividend date is Thursday, October 31st. This is a boost from Genesis Energy’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 5.08%. Genesis Energy’s dividend payout ratio is 194.12%.

Analyst Ratings Changes

A number of analysts have recently issued reports on GEL shares. StockNews.com cut Genesis Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. 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 report on Wednesday, October 16th.

Insider Buying and Selling at Genesis Energy

In other Genesis Energy news, VP Garland G. Gaspard purchased 2,261 shares of the stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $13.27 per share, with a total value of $30,003.47. Following the acquisition, the vice president now owns 19,525 shares of the company’s stock, valued at approximately $259,096.75. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.72% of the company’s stock.

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.