Genesis Energy (NYSE:GEL) Issues Quarterly Earnings Results

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

Genesis Energy Stock Up 0.2 %

GEL opened at $11.91 on Friday. 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 1-year low of $9.86 and a 1-year high of $15.17. The company has a market capitalization of $1.46 billion, a PE ratio of -16.09 and a beta of 2.13. The firm’s 50 day simple moving average is $10.54 and its two-hundred day simple moving average is $12.00.

Genesis Energy Dividend Announcement

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

Analyst Ratings Changes

Separately, Capital One Financial upgraded shares of Genesis Energy from an “equal weight” rating to an “overweight” rating in a research 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.