Genesis Energy, L.P. (GEL) Receiving Somewhat Favorable News Coverage, Report Shows
Media headlines about Genesis Energy, L.P. (NYSE:GEL) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Genesis Energy, L.P. earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the pipeline company an impact score of 46.2515831870711 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Analysts Poring Over the Numbers on Genesis Energy, LP (NYSE:GEL) – Evergreen Caller (evergreencaller.com)
- MACD Signal Check on Shares of Genesis Energy LP (GEL) – Wall Street Review (thewallstreetreview.com)
- Genesis Energy, LP Completes Acquisition of Tronox Limited’s Alkali Business – Business Wire (press release) (businesswire.com)
- Genesis Energy, L.P. (GEL) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Genesis Energy, L.P. Completes Acquisition of Tronox Limited’s Alkali Business (finance.yahoo.com)
Several analysts have recently weighed in on the stock. BidaskClub upgraded shares of Genesis Energy, L.P. from a “sell” rating to a “hold” rating in a research report on Monday, July 3rd. Barclays PLC cut shares of Genesis Energy, L.P. from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $33.00 to $31.00 in a research report on Tuesday, July 18th. Credit Suisse Group upgraded shares of Genesis Energy, L.P. from a “neutral” rating to an “outperform” rating in a research report on Monday, May 15th. Zacks Investment Research cut shares of Genesis Energy, L.P. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Robert W. Baird restated a “neutral” rating and set a $35.00 price objective (down previously from $37.00) on shares of Genesis Energy, L.P. in a research report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $37.18.
Genesis Energy, L.P. (NYSE:GEL) opened at 26.55 on Monday. The stock has a market cap of $3.25 billion, a PE ratio of 27.40 and a beta of 1.22. The company has a 50-day moving average of $28.61 and a 200-day moving average of $31.08. Genesis Energy, L.P. has a 12 month low of $25.71 and a 12 month high of $38.36.
Genesis Energy, L.P. (NYSE:GEL) last released its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.05. The company had revenue of $406.72 million for the quarter, compared to the consensus estimate of $503.22 million. Genesis Energy, L.P. had a net margin of 6.73% and a return on equity of 5.32%. On average, equities analysts forecast that Genesis Energy, L.P. will post $1.06 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were paid a dividend of $0.723 per share. This is an increase from Genesis Energy, L.P.’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $2.89 dividend on an annualized basis and a yield of 10.89%. Genesis Energy, L.P.’s dividend payout ratio is presently 294.90%.
In other Genesis Energy, L.P. news, CFO Robert V. Deere purchased 34,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were bought at an average price of $30.34 per share, with a total value of $1,031,560.00. Following the completion of the purchase, the chief financial officer now directly owns 783,935 shares in the company, valued at $23,784,587.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is owned by corporate insiders.
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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 four segments: Offshore 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.
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