Genesis Energy, L.P. (NYSE:GEL) will release its earnings data before the market opens on Wednesday, July 27th. Analysts expect Genesis Energy, L.P. to post earnings of $0.38 per share for the quarter.
Genesis Energy, L.P. (NYSE:GEL) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.03. During the same period in the previous year, the firm earned $0.21 EPS. The firm earned $378.40 million during the quarter, compared to analysts’ expectations of $562.47 million. Genesis Energy, L.P.’s quarterly revenue was down 28.2% on a year-over-year basis. On average, analysts expect Genesis Energy, L.P. to post $1.51 EPS for the current fiscal year and $2.17 EPS for the next fiscal year.
Shares of Genesis Energy, L.P. (NYSE:GEL) traded down 1.09% during trading on Tuesday, hitting $37.17. The stock had a trading volume of 705,150 shares. The stock has a 50-day moving average price of $38.49 and a 200 day moving average price of $32.28. Genesis Energy, L.P. has a 12 month low of $19.55 and a 12 month high of $46.06. The company has a market cap of $4.09 billion and a P/E ratio of 9.07.
A number of equities analysts have commented on the company. Zacks Investment Research cut Genesis Energy, L.P. from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Wells Fargo & Co. raised Genesis Energy, L.P. from a “market perform” rating to an “outperform” rating in a report on Monday, July 18th. Citigroup Inc. raised Genesis Energy, L.P. from a “neutral” rating to a “buy” rating and reduced their target price for the company from $48.00 to $46.00 in a report on Friday, July 1st. TheStreet raised Genesis Energy, L.P. from a “hold” rating to a “buy” rating in a report on Tuesday, June 14th. Finally, Janney Montgomery Scott reissued a “buy” rating and set a $44.00 target price (up previously from $32.00) on shares of Genesis Energy, L.P. in a report on Thursday, June 16th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $43.44.
Genesis Energy, L.P. is a limited partnership focused on the midstream segment of the oil and gas industry. The Company operates through five segments: Offshore Pipeline Transportation, Onshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of crude oil and natural gas in the Gulf of Mexico.
