Genesis Energy (GEL) Projected to Post Earnings on Thursday

Genesis Energy (NYSE:GEL) will likely be announcing its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Genesis Energy Trading Down 3.2 %

Shares of Genesis Energy stock opened at $10.58 on Wednesday. Genesis Energy has a 12-month low of $9.86 and a 12-month high of $15.17. The stock has a market capitalization of $1.30 billion, a P/E ratio of -14.29 and a beta of 2.13. The company has a 50-day simple moving average of $10.53 and a 200 day simple moving average of $12.03. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 5.13.

Genesis Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a $0.165 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.66 annualized dividend and a yield of 6.24%. Genesis Energy’s payout ratio is -89.19%.

Wall Street Analysts Forecast Growth

GEL has been the topic of several research reports. 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. Royal Bank of Canada lifted their target price on Genesis Energy from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th.

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.