Genesis Energy, L.P. (NYSE:GEL) has been given a consensus recommendation of “Buy” by the twelve ratings firms that are presently covering the firm. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $40.50.

GEL has been the topic of several recent research reports. Zacks Investment Research lowered Genesis Energy, L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 26th. Wunderlich reduced their price target on Genesis Energy, L.P. from $41.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. DA Davidson reissued a “buy” rating and set a $41.00 price target on shares of Genesis Energy, L.P. in a research report on Monday, November 7th. Credit Suisse Group AG lowered Genesis Energy, L.P. from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $47.00 to $40.00 in a research report on Friday, November 4th. Finally, Citigroup Inc. reduced their price target on Genesis Energy, L.P. from $46.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th.

Genesis Energy, L.P. (NYSE:GEL) traded down 1.006% during midday trading on Monday, hitting $33.935. The stock had a trading volume of 169,408 shares. The company has a 50-day moving average price of $35.03 and a 200-day moving average price of $36.46. Genesis Energy, L.P. has a 12-month low of $19.55 and a 12-month high of $40.90. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 31.894 and a beta of 1.09.

Genesis Energy, L.P. (NYSE:GEL) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.33 by $0.05. The company earned $460.05 million during the quarter, compared to analysts’ expectations of $595.60 million. The business’s quarterly revenue was down 19.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.38 earnings per share. Equities analysts anticipate that Genesis Energy, L.P. will post $1.14 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Friday, October 28th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 8.17%. This is an increase from Genesis Energy, L.P.’s previous quarterly dividend of $0.69. The ex-dividend date was Wednesday, October 26th.

Several large investors have recently modified their holdings of the stock. Enterprise Financial Services Corp increased its stake in shares of Genesis Energy, L.P. by 0.5% in the second quarter. Enterprise Financial Services Corp now owns 2,654 shares of the company’s stock worth $102,000 after buying an additional 14 shares during the period. Balentine LLC purchased a new stake in shares of Genesis Energy, L.P. during the second quarter worth $115,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Genesis Energy, L.P. during the third quarter worth $117,000. Solaris Asset Management LLC increased its stake in shares of Genesis Energy, L.P. by 4.2% in the second quarter. Solaris Asset Management LLC now owns 3,075 shares of the company’s stock worth $118,000 after buying an additional 125 shares during the period. Finally, Advisor Group Inc. purchased a new stake in shares of Genesis Energy, L.P. during the second quarter worth $122,000.

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About Genesis Energy, L.P.

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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