Genesis Energy (NYSE:GEL) Posts Earnings Results, Misses Estimates By $0.10 EPS

Genesis Energy (NYSE:GEL) announced its earnings results on Thursday. The pipeline company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.10), Briefing.com reports. The firm had revenue of $770.11 million for the quarter. Genesis Energy had a return on equity of 14.63% and a net margin of 4.14%. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.21) EPS.

Genesis Energy Price Performance

NYSE:GEL traded up $0.52 during trading hours on Friday, reaching $12.77. 522,672 shares of the company were exchanged, compared to its average volume of 407,111. The company has a market capitalization of $1.56 billion, a P/E ratio of 37.56 and a beta of 2.01. Genesis Energy has a 1-year low of $8.05 and a 1-year high of $12.83. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.00 and a quick ratio of 0.86. The business has a 50 day moving average of $11.57 and a 200 day moving average of $11.63.

Genesis Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date is Monday, April 29th. Genesis Energy’s dividend payout ratio is currently 176.48%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Genesis Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th.

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.