Genesis Energy (GEL) Scheduled to Post Quarterly Earnings on Thursday

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

Genesis Energy (NYSE:GEL) last released its earnings results on Thursday, February 15th. The pipeline company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.31). Genesis Energy had a net margin of 3.71% and a return on equity of 13.34%. The business had revenue of $774.10 million for the quarter. During the same quarter last year, the company posted $0.15 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis.

Genesis Energy Price Performance

GEL opened at $12.49 on Thursday. The business has a fifty day moving average of $11.38 and a 200 day moving average of $11.54. The stock has a market cap of $1.53 billion, a P/E ratio of 56.77 and a beta of 2.04. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 4.18. Genesis Energy has a 52-week low of $8.05 and a 52-week high of $12.78.

Genesis Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, April 29th. This represents a $0.60 annualized dividend and a dividend yield of 4.80%. Genesis Energy’s dividend payout ratio (DPR) is 272.73%.

Analysts Set New Price Targets

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

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.