Wall Street brokerages expect Genesis Energy, L.P. (NYSE:GEL) to report earnings per share (EPS) of $0.19 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Genesis Energy’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.25. Genesis Energy posted earnings of $0.22 per share in the same quarter last year, which suggests a negative year over year growth rate of 13.6%. The business is scheduled to issue its next quarterly earnings report on Friday, November 2nd.

On average, analysts expect that Genesis Energy will report full-year earnings of $0.33 per share for the current fiscal year, with EPS estimates ranging from $0.17 to $0.64. For the next financial year, analysts forecast that the firm will post earnings of $0.95 per share, with EPS estimates ranging from $0.76 to $1.22. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Genesis Energy.

Genesis Energy (NYSE:GEL) last released its quarterly earnings results on Wednesday, August 8th. The pipeline company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.22). Genesis Energy had a net margin of 1.52% and a return on equity of 7.32%. The business had revenue of $752.39 million during the quarter, compared to analysts’ expectations of $729.72 million. During the same quarter last year, the business posted $0.28 earnings per share. The company’s quarterly revenue was up 85.0% compared to the same quarter last year.

A number of equities research analysts have commented on the company. ValuEngine upgraded Genesis Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 9th. Barclays increased their price target on Genesis Energy from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday. Zacks Investment Research cut Genesis Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, August 10th. Raymond James restated a “buy” rating on shares of Genesis Energy in a research note on Monday, August 13th. Finally, UBS Group raised their price objective on Genesis Energy from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Genesis Energy currently has a consensus rating of “Hold” and an average target price of $28.67.

In other news, VP Garland G. Gaspard acquired 1,247 shares of Genesis Energy stock in a transaction dated Wednesday, September 5th. The stock was purchased at an average cost of $24.07 per share, for a total transaction of $30,015.29. Following the completion of the purchase, the vice president now directly owns 1,247 shares in the company, valued at approximately $30,015.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.72% of the company’s stock.

Large investors have recently made changes to their positions in the company. Baldwin Brothers Inc. MA purchased a new position in shares of Genesis Energy in the second quarter worth about $193,000. GWM Advisors LLC purchased a new position in shares of Genesis Energy in the second quarter worth about $212,000. Summit Trail Advisors LLC raised its stake in shares of Genesis Energy by 1,717.8% in the first quarter. Summit Trail Advisors LLC now owns 215,952 shares of the pipeline company’s stock worth $216,000 after purchasing an additional 204,072 shares during the last quarter. Horrell Capital Management Inc. purchased a new position in shares of Genesis Energy in the second quarter worth about $219,000. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Genesis Energy by 380.9% in the second quarter. Steward Partners Investment Advisory LLC now owns 11,825 shares of the pipeline company’s stock worth $259,000 after purchasing an additional 9,366 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Genesis Energy stock traded up $0.10 during midday trading on Friday, reaching $24.42. The company’s stock had a trading volume of 655,326 shares, compared to its average volume of 643,392. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.26 and a current ratio of 1.50. Genesis Energy has a 52-week low of $18.42 and a 52-week high of $25.87. The stock has a market cap of $2.91 billion, a PE ratio of 23.04 and a beta of 1.24.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Wednesday, October 31st will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 8.85%. This is a boost from Genesis Energy’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, October 30th. Genesis Energy’s dividend payout ratio (DPR) is presently 200.00%.

Genesis Energy Company Profile

Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company's Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations; and in the deep-water pipeline servicing in the southern Keathley Canyon area of the Gulf of Mexico.

Further Reading: What is a Fiduciary?

Get a free copy of the Zacks research report on Genesis Energy (GEL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Genesis Energy (NYSE:GEL)

Receive News & Ratings for Genesis Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesis Energy and related companies with MarketBeat.com's FREE daily email newsletter.