Genesis Energy, L.P. (GEL) Plans Quarterly Dividend of $0.54
Genesis Energy, L.P. (NYSE:GEL) declared a quarterly dividend on Friday, January 10th, Analyst Ratings Net reports. Stockholders of record on Friday, January 31st will be given a dividend of 0.535 per share on Friday, February 14th. This represents a $2.14 dividend on an annualized basis and a yield of 4.04%.
A number of analysts have recently weighed in on GEL shares. Analysts at Credit Suisse upgraded shares of Genesis Energy, L.P. from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday. On the ratings front, analysts at MLV Capital initiated coverage on shares of Genesis Energy, L.P. in a research note to investors on Monday, December 2nd. They set a “hold” rating on the stock. Finally, analysts at Wells Fargo & Co. downgraded shares of Genesis Energy, L.P. from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, November 7th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $53.00.
Genesis Energy, L.P. (NYSE:GEL) opened at 52.97 on Friday. Genesis Energy, L.P. has a one year low of $37.07 and a one year high of $55.99. The stock’s 50-day moving average is $51.49 and its 200-day moving average is $50.57. The company has a market cap of $4.698 billion and a P/E ratio of 45.31.
Genesis Energy, L.P. (NYSE:GEL) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.38 by $0.16. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 20.9% on a year-over-year basis. Analysts expect that Genesis Energy, L.P. will post $1.20 EPS for the current fiscal year.
Genesis Energy, L.P. (NYSE:GEL) is a limited partnership focused on the midstream segment of the oil and gas industry in the Gulf Coast region of the United States, primarily Texas, Louisiana, Arkansas, Mississippi, Alabama and Florida.
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