Genesis Energy (NYSE:GEL) Announces Quarterly Earnings Results, Misses Expectations By $0.53 EPS

Genesis Energy (NYSE:GEL) posted its earnings results on Thursday. The pipeline company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.53), Zacks reports. The company had revenue of $725.55 million for the quarter. Genesis Energy had a negative return on equity of 0.31% and a negative net margin of 0.09%.

Genesis Energy Price Performance

GEL traded up $0.03 during trading on Friday, hitting $11.91. The company’s stock had a trading volume of 566,488 shares, compared to its average volume of 710,753. 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 twelve month low of $9.86 and a twelve month high of $15.17. The business’s fifty day simple moving average is $10.54 and its 200 day simple moving average is $12.00. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -16.09 and a beta of 2.13.

Genesis Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 5.54%. The ex-dividend date was Friday, January 31st. Genesis Energy’s payout ratio is currently -89.19%.

Analysts Set New Price Targets

Separately, Capital One Financial raised Genesis Energy from an “equal weight” rating to an “overweight” rating in a report on Friday, November 1st.

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.