Genesis Energy (GEL) Scheduled to Post Earnings on Thursday

Genesis Energy (NYSE:GEL) is scheduled to be announcing its earnings results before the market opens on Thursday, October 31st. Investors that wish to register for the company’s conference call can do so using this link.

Genesis Energy (NYSE:GEL) last announced its quarterly earnings data on Thursday, August 1st. The pipeline company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.22). The firm had revenue of $756.26 million for the quarter. Genesis Energy had a return on equity of 8.26% and a net margin of 2.34%. During the same quarter last year, the firm earned $0.22 EPS.

Genesis Energy Price Performance

Shares of NYSE:GEL opened at $12.91 on Tuesday. The firm has a 50 day moving average of $13.26 and a 200-day moving average of $13.26. Genesis Energy has a 12 month low of $10.01 and a 12 month high of $15.17. The company has a current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 4.74. The stock has a market capitalization of $1.58 billion, a PE ratio of -99.30 and a beta of 2.10.

Genesis Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.165 per share. This is an increase from Genesis Energy’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 5.11%. The ex-dividend date is Thursday, October 31st. Genesis Energy’s payout ratio is currently -461.50%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GEL. StockNews.com lowered Genesis Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Royal Bank of Canada lifted their target price on Genesis Energy from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th.

Insiders Place Their Bets

In other news, VP Garland G. Gaspard acquired 2,261 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were bought at an average price of $13.27 per share, with a total value of $30,003.47. Following the acquisition, the vice president now directly owns 19,525 shares in the company, valued at $259,096.75. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.72% of the company’s stock.

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.