Genesis Energy (GEL) Expected to Announce Earnings on Thursday

Genesis Energy (NYSE:GEL) is projected to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Genesis Energy to post earnings of ($0.05) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Genesis Energy Price Performance

Shares of Genesis Energy stock opened at $10.94 on Tuesday. The firm has a fifty day moving average price of $10.55 and a two-hundred day moving average price of $12.05. The company has a market cap of $1.34 billion, a PE ratio of -14.78 and a beta of 2.13. Genesis Energy has a fifty-two week low of $9.86 and a fifty-two week high of $15.17. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date of this dividend is Friday, January 31st. Genesis Energy’s payout ratio is -89.19%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GEL. Royal Bank of Canada raised their price objective on shares of Genesis Energy from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Capital One Financial raised shares of Genesis Energy from an “equal weight” rating to an “overweight” rating in a 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.