$0.22 Earnings Per Share Expected for Genesis Energy, L.P. (NYSE:GEL) This Quarter

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Analysts expect Genesis Energy, L.P. (NYSE:GEL) to post $0.22 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Genesis Energy’s earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.11. Genesis Energy posted earnings of ($0.15) per share during the same quarter last year, which suggests a positive year over year growth rate of 246.7%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 7th.

On average, analysts expect that Genesis Energy will report full year earnings of $0.63 per share for the current year, with EPS estimates ranging from $0.48 to $0.79. For the next fiscal year, analysts expect that the business will post earnings of $1.12 per share, with EPS estimates ranging from $0.99 to $1.25. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Genesis Energy.

Genesis Energy (NYSE:GEL) last announced its quarterly earnings data on Tuesday, August 6th. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. The firm had revenue of $634.80 million for the quarter, compared to analysts’ expectations of $685.95 million. Genesis Energy had a return on equity of 7.09% and a net margin of 1.15%. Genesis Energy’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.05) earnings per share.

Several equities research analysts have recently issued reports on GEL shares. Royal Bank of Canada reaffirmed a “buy” rating and issued a $27.00 price target on shares of Genesis Energy in a research report on Thursday, August 8th. Zacks Investment Research lowered shares of Genesis Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. ValuEngine lowered shares of Genesis Energy from a “buy” rating to a “hold” rating in a report on Friday, June 7th. Finally, Raymond James cut shares of Genesis Energy from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 26th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Genesis Energy presently has an average rating of “Hold” and an average price target of $25.50.

In related news, insider Edward T. Flynn acquired 5,000 shares of Genesis Energy stock in a transaction on Monday, August 26th. The shares were acquired at an average cost of $20.12 per share, with a total value of $100,600.00. Following the transaction, the insider now owns 48,916 shares in the company, valued at $984,189.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Ryan S. Sims bought 3,000 shares of Genesis Energy stock in a transaction dated Monday, August 12th. The stock was acquired at an average cost of $19.94 per share, for a total transaction of $59,820.00. Following the completion of the transaction, the vice president now directly owns 11,300 shares in the company, valued at $225,322. The disclosure for this purchase can be found here. Insiders bought 13,000 shares of company stock valued at $260,270 in the last quarter. Corporate insiders own 0.72% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of GEL. Invesco Ltd. raised its holdings in shares of Genesis Energy by 113,645.7% in the second quarter. Invesco Ltd. now owns 17,975,234 shares of the pipeline company’s stock valued at $393,657,000 after acquiring an additional 17,959,431 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in Genesis Energy by 6.7% in the first quarter. OppenheimerFunds Inc. now owns 17,676,730 shares of the pipeline company’s stock valued at $411,868,000 after acquiring an additional 1,108,673 shares during the period. RR Advisors LLC increased its position in shares of Genesis Energy by 25.0% during the first quarter. RR Advisors LLC now owns 3,290,000 shares of the pipeline company’s stock worth $76,564,000 after purchasing an additional 657,000 shares in the last quarter. Bank of Montreal Can grew its holdings in Genesis Energy by 138.5% in the 2nd quarter. Bank of Montreal Can now owns 1,488,421 shares of the pipeline company’s stock valued at $32,596,000 after buying an additional 864,406 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in Genesis Energy by 12.3% in the 2nd quarter. BlackRock Inc. now owns 1,488,041 shares of the pipeline company’s stock valued at $32,587,000 after buying an additional 163,141 shares in the last quarter. Institutional investors own 71.88% of the company’s stock.

GEL opened at $22.98 on Tuesday. Genesis Energy has a 12-month low of $17.55 and a 12-month high of $25.40. 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 firm has a market capitalization of $2.74 billion, a P/E ratio of -287.25 and a beta of 1.26. The stock has a fifty day moving average of $21.11 and a 200-day moving average of $22.10.

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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