Genesis Energy, L.P. (NYSE:GEL) was upgraded by Capital One Financial Corp. from an “equal weight” rating to an “overweight” rating in a report released on Monday.

GEL has been the subject of several other research reports. Barclays PLC increased their target price on shares of Genesis Energy, L.P. from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 10th. Citigroup Inc. decreased their target price on Genesis Energy, L.P. from $46.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. Wells Fargo & Co. upgraded Genesis Energy, L.P. from a “market perform” rating to an “outperform” rating in a research note on Monday, July 18th. Wunderlich reduced their price objective on Genesis Energy, L.P. from $41.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. Finally, TheStreet cut shares of Genesis Energy, L.P. from a “buy” rating to a “hold” rating in a report on Monday, November 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $40.44.

Analyst Recommendations for Genesis Energy, L.P. (NYSE:GEL)

Genesis Energy, L.P. (NYSE:GEL) opened at 34.43 on Monday. The firm has a market capitalization of $4.06 billion, a P/E ratio of 32.36 and a beta of 1.09. The company has a 50 day moving average price of $35.69 and a 200 day moving average price of $36.29. Genesis Energy, L.P. has a 52-week low of $19.55 and a 52-week high of $41.65.

Genesis Energy, L.P. (NYSE:GEL) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.05. The firm had revenue of $460.05 million for the quarter, compared to analyst estimates of $595.60 million. The company’s revenue was down 19.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.38 earnings per share. On average, equities analysts forecast that Genesis Energy, L.P. will post $1.14 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Friday, October 28th were paid a $0.70 dividend. This is an increase from Genesis Energy, L.P.’s previous quarterly dividend of $0.69. This represents a $2.80 annualized dividend and a yield of 8.13%. The ex-dividend date of this dividend was Wednesday, October 26th.

A number of institutional investors have recently modified their holdings of GEL. Credit Suisse AG increased its stake in Genesis Energy, L.P. by 24.6% in the third quarter. Credit Suisse AG now owns 301,020 shares of the company’s stock worth $11,429,000 after buying an additional 59,466 shares during the last quarter. Jane Street Group LLC increased its position in Genesis Energy, L.P. by 30.0% in the third quarter. Jane Street Group LLC now owns 10,326 shares of the company’s stock valued at $392,000 after buying an additional 2,380 shares during the last quarter. Usca Ria LLC increased its position in Genesis Energy, L.P. by 0.3% in the third quarter. Usca Ria LLC now owns 8,335 shares of the company’s stock valued at $316,000 after buying an additional 25 shares during the last quarter. Virtus ETF Advisers LLC increased its position in Genesis Energy, L.P. by 53.7% in the third quarter. Virtus ETF Advisers LLC now owns 96,031 shares of the company’s stock valued at $3,646,000 after buying an additional 33,546 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in Genesis Energy, L.P. during the third quarter valued at $117,000.

Genesis Energy, L.P. Company Profile

Genesis Energy, L.P. is a limited partnership focused on the midstream segment of the oil and gas industry. The Company operates through five segments: Offshore Pipeline Transportation, Onshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of crude oil and natural gas in the Gulf of Mexico.

5 Day Chart for NYSE:GEL

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