Genesis Energy (GEL) to Release Quarterly Earnings on Thursday

Genesis Energy (NYSE:GEL) is set to release its earnings data before the market opens on Thursday, May 2nd. 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, 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 firm had revenue of $774.10 million during the quarter. During the same period in the prior year, the firm posted $0.15 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year.

Genesis Energy Stock Performance

NYSE GEL opened at $12.49 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 4.18. The business’s 50 day moving average is $11.38 and its two-hundred day moving average is $11.54. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 56.77 and a beta of 2.04. Genesis Energy has a 12-month low of $8.05 and a 12-month high of $12.78.

Genesis Energy Dividend Announcement

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

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Genesis Energy from a “buy” rating to a “hold” rating in a research report 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.