Genesis Energy L.P. (GEL) Releases Earnings Results, Misses Expectations By $-0.03 EPS

Genesis Energy L.P. (GEL) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $0.32 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.35. The company posted revenue of $378.40 million in the period, compared to analysts expectations of $514.28 million. The company’s revenue was down -28.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on Genesis Energy L.P.. DA Davidson Initiated Genesis Energy L.P. on Mar 11, 2016 to “Buy”, Price Target of the shares are set at $41.Shares were Reiterated by RBC Capital Mkts on Feb 19, 2016 to “Outperform” and Lowered the Price Target to $ 38 from a previous price target of $44 .

Genesis Energy L.P. closed down -0.42 points or -1.30% at $32 with 5,97,034 shares getting traded on Monday. Post opening the session at $32.46, the shares hit an intraday low of $31.385 and an intraday high of $32.46 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Feb 29, 2016, Jack T Taylor (director) purchased 10,000 shares at $24.77 per share price.

Genesis Energy L.P. (Genesis) is a master limited partnership focused on the midstream segment of the oil and gas industry in the Gulf Coast region of the United States and the Gulf of Mexico. The Company operates through five segments: Onshore Pipeline Transportation Offshore Pipeline Transportation Refinery Services Marine Transportation and Supply and Logistics. The Onshore Pipeline Transportation segment is engaged in transporting crude oil and carbon dioxide. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of crude oil in the Gulf of Mexico. The Refinery Services segment provides services to refining operations primarily in Texas Louisiana Arkansas Oklahoma and Utah. The Marine Transportation segment provides waterborne transportation of petroleum products and crude oil throughout North America. The Supply and Logistics segment provides supply and logistics services for crude oil and petroleum products and carbon dioxide.

Genesis Energy L.P.

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