Unusual Stocks Mover Hurt By Street Views: Genesis Energy (NYSE:GEL), Spectra Energy (NYSE:SE)

Genesis Energy, L.P. (NYSE:GEL) [Trend Analysis] climbed reacts as active mover, shares a gain 1.98% to traded at $37.17 and the percentage gap between open changing to regular change was -0.41%. Genesis Energy, L.P. (GEL) reported its fourth quarter results.Certain highlights of our results for the quarter ended December 31, 2016 included the following items: We declared the following results for the fourth quarter of 2016 compared to the same quarter in 2015.

Net Income Attributable to Genesis Energy, L.P. of $22.1 million, or $0.19 per unit, for the fourth quarter of 2016 compared to $27.4 million, or $0.25 per unit, for the same period in 2015, representing a decrease of $5.3 million, or 19%. Cash Flows from Operating Activities of $69.9 million for the fourth quarter of 2016 compared to $97.4 million for the same period in 2015, representing a decrease of $27.5 million, or 28%.

Accessible Cash before Reserves of $95.4 million in the fourth quarter of 2016, a decrease of $6.9 million over the prior year quarter, or 7%, providing 1.14 coverage for our quarterly distribution to unitholders attributable to that quarter. Adjusted EBITDA for the fourth quarter of 2016 was $133.1 million, a decrease of $4.5 million, or 3%, compared to the prior year quarter. Our Adjusted Debt to Pro Forma EBITDA ratio is 5.22 as of December 31, 2016.

These amounts are calculated and further discussed later in this press release. The firm’s current ratio calculated as 1.30 for the most recent quarter. The firm past twelve months price to sales ratio was 2.43 and price to cash ratio remained 1268.15. As far as the returns are concern, the return on equity was recorded as 5.80% and return on investment was 9.80% while its return on asset stayed at 2.10%. The firm has total debt to equity ratio measured as 1.36.

Spectra Energy Corp (NYSE:SE) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 0.21% to $42.19. Enbridge Inc. (NYSE:ENB) and Spectra Energy Corp (SE) reported that the U.S. Federal Trade Commission (FTC) has cleared the previously reported proposed combination of the two companies.

As part of the clearance, the FTC voted to accept a proposed consent decree in which Enbridge and Spectra Energy have agreed, following the closing of their proposed combination, to enact firewalls governing the flow of certain information to Enbridge about the Discovery offshore Gulf of Mexico natural gas pipeline system (Discovery), and to take certain other steps limiting Enbridge’s potential influence over actions related to Discovery.

Spectra Energy holds an ownership interest in Discovery through its indirect ownership interest in DCP Midstream, which holds a 40 percent ownership interest in Discovery. Enbridge, through an affiliate, also has offshore natural gas gathering operations in the Gulf of Mexico. The share price of SE attracts active investors, as stock price of week volatility recorded 1.54%. The stock is going forward to its 52-week low with 59.42% and lagging behind from its 52-week high price with -2.19%.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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