Genesis Energy (GEL) Expected to Announce Quarterly Earnings on Thursday

Genesis Energy (NYSE:GEL) is anticipated to release its earnings data before the market opens on Thursday, February 13th. Analysts expect Genesis Energy to post earnings of ($0.05) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Genesis Energy Trading Down 3.2 %

Shares of Genesis Energy stock opened at $10.58 on Wednesday. Genesis Energy has a 1 year low of $9.86 and a 1 year high of $15.17. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -14.29 and a beta of 2.13. The business has a fifty day simple moving average of $10.53 and a two-hundred day simple moving average of $12.03. The company has a debt-to-equity ratio of 5.13, a current ratio of 1.03 and a quick ratio of 0.91.

Genesis Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.66 annualized dividend and a yield of 6.24%. Genesis Energy’s dividend payout ratio (DPR) is presently -89.19%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Capital One Financial raised Genesis Energy from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 1st. Royal Bank of Canada boosted their target price on shares of Genesis Energy from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th.

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.