Genesis Energy (GEL) to Release Quarterly Earnings on Thursday

Genesis Energy (NYSE:GEL) will release its earnings data before the market opens on Thursday, May 2nd. Parties interested in registering for the company’s conference call can do so using this link.

Genesis Energy (NYSE:GEL) last released its quarterly earnings data on Thursday, February 15th. The pipeline company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.31). The company had revenue of $774.10 million during the quarter. Genesis Energy had a net margin of 3.71% and a return on equity of 13.34%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 EPS.

Genesis Energy Trading Down 0.1 %

Shares of NYSE:GEL traded down $0.01 during mid-day trading on Tuesday, reaching $12.16. The stock had a trading volume of 7,261 shares, compared to its average volume of 358,506. The firm has a 50 day simple moving average of $11.48 and a two-hundred day simple moving average of $11.60. Genesis Energy has a twelve month low of $8.05 and a twelve month high of $12.78. The firm has a market cap of $1.49 billion, a PE ratio of 55.32 and a beta of 2.05. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 4.18.

Genesis Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.60 annualized dividend and a yield of 4.93%. Genesis Energy’s dividend payout ratio (DPR) is presently 272.73%.

Wall Street Analysts Forecast Growth

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

Genesis Energy Company Profile

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.