Genesis Energy (NYSE:GEL) Issues Earnings Results

Genesis Energy (NYSE:GEL) announced its earnings results on Thursday. The pipeline company reported ($0.58) earnings per share (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 Stock Down 0.7 %

Shares of GEL stock traded down $0.09 on Friday, hitting $11.80. The stock had a trading volume of 138,948 shares, compared to its average volume of 699,221. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -15.94 and a beta of 2.13. The stock’s 50 day moving average is $10.52 and its 200-day moving average is $12.01. The company has a debt-to-equity ratio of 5.13, a quick ratio of 0.91 and a current ratio of 1.03. Genesis Energy has a 52-week low of $9.86 and a 52-week high of $15.17.

Genesis Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.66 annualized dividend and a yield of 5.60%. Genesis Energy’s dividend payout ratio is currently -89.19%.

Analyst Ratings Changes

Separately, Capital One Financial upgraded shares of Genesis Energy from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 1st.

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.