Wall Street analysts forecast that Genesis Energy, L.P. (NYSE:GEL) will post earnings per share of $0.22 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Genesis Energy’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.32. Genesis Energy reported earnings of ($0.15) per share during the same quarter last year, which indicates a positive year over year growth rate of 246.7%. The firm is scheduled to issue its next quarterly earnings report on Thursday, November 7th.
On average, analysts expect that Genesis Energy will report full-year earnings of $0.64 per share for the current financial year, with EPS estimates ranging from $0.48 to $0.79. For the next fiscal year, analysts anticipate that the company will report earnings of $1.12 per share, with EPS estimates ranging from $0.99 to $1.25. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Genesis Energy.
Genesis Energy (NYSE:GEL) last posted its quarterly earnings data on Tuesday, August 6th. The pipeline company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The firm had revenue of $634.80 million during the quarter, compared to analyst estimates of $685.95 million. Genesis Energy had a net margin of 1.15% and a return on equity of 7.09%. Genesis Energy’s revenue was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) EPS.
Shares of NYSE GEL traded up $0.17 during trading hours on Friday, hitting $21.74. 7,640 shares of the stock were exchanged, compared to its average volume of 933,262. The company has a quick ratio of 1.00, a current ratio of 1.24 and a debt-to-equity ratio of 2.19. The company has a market cap of $2.71 billion, a PE ratio of -271.75 and a beta of 1.26. The firm has a fifty day moving average price of $21.43 and a 200-day moving average price of $22.06. Genesis Energy has a 12 month low of $17.55 and a 12 month high of $25.40.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $2.20 dividend on an annualized basis and a yield of 10.12%. Genesis Energy’s payout ratio is -2,750.00%.
In related news, VP Ryan S. Sims purchased 3,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were acquired at an average price of $19.94 per share, for a total transaction of $59,820.00. Following the purchase, the vice president now owns 11,300 shares of the company’s stock, valued at approximately $225,322. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Kristen O. Jesulaitis purchased 5,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were bought at an average price of $19.97 per share, for a total transaction of $99,850.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 13,000 shares of company stock worth $260,270 in the last 90 days. 0.72% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of the business. RFG Advisory LLC purchased a new stake in shares of Genesis Energy in the 2nd quarter valued at $211,000. Cresset Asset Management LLC purchased a new stake in shares of Genesis Energy in the 2nd quarter valued at $1,939,000. Susquehanna Fundamental Investments LLC boosted its holdings in shares of Genesis Energy by 23.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 79,000 shares of the pipeline company’s stock valued at $1,730,000 after acquiring an additional 14,900 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in shares of Genesis Energy by 36.4% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 2,283 shares of the pipeline company’s stock valued at $50,000 after acquiring an additional 609 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Genesis Energy by 79.2% in the 2nd quarter. Jane Street Group LLC now owns 78,266 shares of the pipeline company’s stock valued at $1,714,000 after acquiring an additional 34,580 shares during the last quarter. Institutional investors and hedge funds own 71.86% of the company’s stock.
About Genesis Energy
Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company's Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations; and in the deep water pipeline servicing in the southern Keathley Canyon area of the Gulf of Mexico.
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