Genesis Energy (GEL) to Release Earnings on Thursday

Genesis Energy (NYSE:GEL - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, October 31st. Parties that wish to register for the company's conference call can do so using this link.

Genesis Energy (NYSE:GEL - Get Free Report) last posted its earnings results on Thursday, August 1st. The pipeline company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.22). Genesis Energy had a net margin of 2.34% and a return on equity of 8.26%. The company had revenue of $756.26 million for the quarter. During the same quarter in the prior year, the company earned $0.22 EPS.

Genesis Energy Stock Performance

Shares of GEL traded down $0.03 during mid-day trading on Thursday, hitting $12.97. 368,677 shares of the company traded hands, compared to its average volume of 358,418. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 38.15 and a beta of 2.10. The stock has a 50-day moving average price of $13.30 and a two-hundred day moving average price of $13.22. Genesis Energy has a 1 year low of $10.01 and a 1 year high of $15.17. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.96 and a current ratio of 1.09.

Genesis Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.165 per share. The ex-dividend date is Thursday, October 31st. This is a positive change from Genesis Energy's previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 5.09%. Genesis Energy's payout ratio is currently 194.12%.

Insider Buying and Selling at Genesis Energy

In other Genesis Energy news, VP Garland G. Gaspard purchased 2,261 shares of the firm's stock in a transaction on Tuesday, August 6th. The shares were acquired at an average cost of $13.27 per share, for a total transaction of $30,003.47. Following the completion of the transaction, the vice president now owns 19,525 shares of the company's stock, valued at approximately $259,096.75. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Royal Bank of Canada lifted their price objective on Genesis Energy from $15.00 to $16.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. StockNews.com cut Genesis Energy from a "hold" rating to a "sell" rating in a research report on Monday, August 5th.

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.