Genesis Energy, L.P. (NYSE:GEL) Plans Quarterly Dividend of $0.17

Genesis Energy, L.P. (NYSE:GEL) announced a quarterly dividend on Thursday, January 16th,NASDAQ Dividends reports. Investors of record on Friday, January 31st will be paid a dividend of 0.165 per share by the pipeline company on Friday, February 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date is Friday, January 31st.

Genesis Energy has increased its dividend by an average of 0.8% per year over the last three years. Genesis Energy has a payout ratio of 84.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Genesis Energy Trading Up 1.1 %

NYSE GEL traded up $0.12 during trading hours on Friday, reaching $10.82. The company had a trading volume of 731,801 shares, compared to its average volume of 494,536. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 5.13. The stock has a market capitalization of $1.32 billion, a P/E ratio of -14.62 and a beta of 2.14. The stock has a 50-day moving average of $10.88 and a 200 day moving average of $12.52. Genesis Energy has a 1-year low of $9.86 and a 1-year high of $15.17.

Genesis Energy (NYSE:GEL) last posted its earnings results on Thursday, October 31st. The pipeline company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.22). The firm had revenue of $714.30 million for the quarter. Genesis Energy had a negative return on equity of 0.31% and a negative net margin of 0.09%. During the same quarter last year, the firm posted $0.29 earnings per share.

Analyst Ratings Changes

GEL has been the subject of several research reports. Royal Bank of Canada boosted their price target on shares of Genesis Energy from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Capital One Financial raised Genesis Energy from an “equal weight” rating to an “overweight” rating in a report 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.