Genesis Energy, L.P. is an AMEX listed security that has been trading in a range between $11.20 and $37.35 over the past year. With 13,784,440 shares outstanding, a recent price of $37.00 gives a total market capitalization of $508,802,976. While there are certainly larger companies, Genesis Energy, L.P. has definitely earned its place in the pack. Last year, Genesis Energy, L.P. created $0.52 in earnings for every share outstanding.
Genesis Energy, L.P. is currently priced by the market at 70.40 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, Genesis Energy, L.P. could be an interesting value proposition.
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