Genesis Energy, L.P. (NYSE:GEL) Plans Quarterly Dividend of $0.17

Genesis Energy, L.P. (NYSE:GEL) declared a quarterly dividend on Thursday, January 16th,NASDAQ Dividends reports. Investors of record on Friday, January 31st will be paid a dividend of 0.165 per share by the pipeline company on Friday, February 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date of this dividend is Friday, January 31st.

Genesis Energy has increased its dividend payment by an average of 0.8% per year over the last three years. Genesis Energy has a dividend payout ratio of 84.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Genesis Energy Stock Up 1.1 %

NYSE GEL traded up $0.12 during trading hours on Friday, hitting $10.82. The company’s stock had a trading volume of 731,801 shares, compared to its average volume of 494,536. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 5.13. The company’s 50-day simple moving average is $10.88 and its two-hundred day simple moving average is $12.52. The company has a market capitalization of $1.32 billion, a PE ratio of -14.62 and a beta of 2.14. Genesis Energy has a 52 week low of $9.86 and a 52 week high of $15.17.

Genesis Energy (NYSE:GEL) last posted its earnings results on Thursday, October 31st. The pipeline company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.22). Genesis Energy had a negative return on equity of 0.31% and a negative net margin of 0.09%. The firm had revenue of $714.30 million during the quarter. During the same period last year, the firm posted $0.29 EPS.

Wall Street Analysts Forecast Growth

Several research firms have commented on GEL. Royal Bank of Canada increased their price objective on shares of Genesis Energy from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Capital One Financial raised Genesis Energy from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 1st.

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.