Genesis Energy, L.P. (GEL) to Issue Quarterly Dividend of $0.17 on February 14th

Genesis Energy, L.P. (NYSE:GEL) declared a quarterly dividend on Thursday, January 16th,NASDAQ Dividends reports. Stockholders of record on Friday, January 31st will be given 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 6.27%. The ex-dividend date is Friday, January 31st.

Genesis Energy has increased its dividend payment by an average of 0.8% annually 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 fall.

Genesis Energy Stock Performance

Genesis Energy stock opened at $10.53 on Wednesday. Genesis Energy has a 12 month low of $9.86 and a 12 month high of $15.17. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 5.13. The company has a fifty day moving average price of $10.74 and a two-hundred day moving average price of $12.28.

Genesis Energy (NYSE:GEL) last posted its quarterly earnings data on Thursday, October 31st. The pipeline company reported ($0.32) earnings per share 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 company had revenue of $714.30 million during the quarter. During the same period in the prior year, the firm earned $0.29 earnings per share.

Analysts Set New Price Targets

GEL has been the topic of several research reports. Royal Bank of Canada upped their target price on Genesis Energy from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Capital One Financial upgraded Genesis Energy from an “equal weight” rating to an “overweight” rating in a report on Friday, November 1st.

Genesis Energy Company Profile

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.