Analysts Expect Genesis Energy, L.P. (GEL) to Post $0.36 Earnings Per Share

Wall Street analysts predict that Genesis Energy, L.P. (NYSE:GEL) will announce earnings per share of $0.36 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Genesis Energy’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.29. Genesis Energy posted earnings per share of $0.19 in the same quarter last year, which indicates a positive year over year growth rate of 89.5%. The firm is expected to report its next earnings results on Thursday, February 15th.

On average, analysts expect that Genesis Energy will report full year earnings of $0.97 per share for the current financial year, with EPS estimates ranging from $0.86 to $1.09. For the next fiscal year, analysts expect that the firm will post earnings of $1.50 per share, with EPS estimates ranging from $1.15 to $1.87. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Genesis Energy.

Genesis Energy (NYSE:GEL) last issued its quarterly earnings results on Friday, November 3rd. The pipeline company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.09. Genesis Energy had a return on equity of 5.36% and a net margin of 5.14%.

A number of brokerages have weighed in on GEL. Janney Montgomery Scott set a $30.00 price target on Genesis Energy and gave the stock a “buy” rating in a report on Friday, October 13th. Zacks Investment Research downgraded Genesis Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Barclays upgraded Genesis Energy from an “underweight” rating to an “equal weight” rating and decreased their price target for the stock from $31.00 to $27.00 in a report on Friday, October 13th. Royal Bank of Canada decreased their price target on Genesis Energy from $34.00 to $28.00 and set a “sector perform” rating for the company in a report on Friday, October 13th. Finally, UBS Group decreased their price target on Genesis Energy from $41.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.55.

In other news, VP Ryan S. Sims bought 4,300 shares of Genesis Energy stock in a transaction dated Wednesday, November 8th. The stock was bought at an average cost of $23.25 per share, for a total transaction of $99,975.00. Following the purchase, the vice president now directly owns 4,300 shares in the company, valued at approximately $99,975. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sharilyn S. Gasaway bought 10,000 shares of Genesis Energy stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average price of $23.09 per share, with a total value of $230,900.00. Following the completion of the purchase, the director now owns 278,364 shares in the company, valued at $6,427,424.76. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 257,775 shares of company stock valued at $5,659,913. 0.72% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Spirit of America Management Corp NY grew its stake in shares of Genesis Energy by 8.2% in the 4th quarter. Spirit of America Management Corp NY now owns 397,142 shares of the pipeline company’s stock valued at $8,876,000 after buying an additional 30,200 shares during the period. Bank of Montreal Can grew its stake in shares of Genesis Energy by 5,738.1% in the 4th quarter. Bank of Montreal Can now owns 119,039 shares of the pipeline company’s stock valued at $2,660,000 after buying an additional 117,000 shares during the period. Chickasaw Capital Management LLC lifted its position in Genesis Energy by 17.8% in the 4th quarter. Chickasaw Capital Management LLC now owns 10,353,821 shares of the pipeline company’s stock valued at $231,408,000 after acquiring an additional 1,566,206 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in Genesis Energy by 342.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,351 shares of the pipeline company’s stock valued at $115,000 after acquiring an additional 3,367 shares in the last quarter. Finally, Institutional & Family Asset Management LLC bought a new position in Genesis Energy in the 3rd quarter valued at about $825,000. Institutional investors own 74.74% of the company’s stock.

Shares of Genesis Energy (NYSE:GEL) traded down $0.18 during trading on Friday, reaching $23.99. The company’s stock had a trading volume of 697,707 shares, compared to its average volume of 829,614. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.35 and a current ratio of 1.62. Genesis Energy has a 52-week low of $20.43 and a 52-week high of $37.88. The firm has a market cap of $2,940.00, a P/E ratio of 34.27 and a beta of 1.15.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st will be paid a $0.51 dividend. The ex-dividend date is Tuesday, January 30th. This is an increase from Genesis Energy’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 8.50%. Genesis Energy’s dividend payout ratio (DPR) is currently 285.71%.

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Genesis Energy Company Profile

Genesis Energy L.P. is a limited partnership focused on the midstream segment of the oil and gas industry. The Company operates through four segments: Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of crude oil and natural gas in the Gulf of Mexico.

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