Genesis Energy (NYSE:GEL) Posts Quarterly Earnings Results, Misses Expectations By $0.53 EPS

Genesis Energy (NYSE:GEL) announced its earnings results on Thursday. The pipeline company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.53), Zacks reports. The firm had revenue of $725.55 million during the quarter. Genesis Energy had a negative net margin of 0.09% and a negative return on equity of 0.31%.

Genesis Energy Stock Performance

GEL stock traded up $0.03 during midday trading on Friday, reaching $11.91. The stock had a trading volume of 566,488 shares, compared to its average volume of 710,753. The firm has a fifty day simple moving average of $10.54 and a two-hundred day simple moving average of $12.00. Genesis Energy has a 52-week low of $9.86 and a 52-week high of $15.17. The company has a debt-to-equity ratio of 5.13, a quick ratio of 0.91 and a current ratio of 1.03. The stock has a market cap of $1.46 billion, a PE ratio of -16.09 and a beta of 2.13.

Genesis Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.165 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.54%. Genesis Energy’s dividend payout ratio is currently -89.19%.

Wall Street Analyst Weigh In

Separately, Capital One Financial raised shares of Genesis Energy from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 1st.

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.