Genesis Energy, L.P. (NYSE:GEL) has been assigned a $29.00 target price by equities research analysts at Robert W. Baird in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the pipeline company’s stock. Robert W. Baird’s target price indicates a potential upside of 33.70% from the stock’s current price.

GEL has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Genesis Energy, L.P. from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Thursday, November 9th. Barclays PLC cut their price target on shares of Genesis Energy, L.P. from $27.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, November 6th. UBS AG cut their price target on shares of Genesis Energy, L.P. from $41.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, October 17th. Royal Bank Of Canada restated a “hold” rating and issued a $34.00 price target on shares of Genesis Energy, L.P. in a report on Wednesday, September 27th. Finally, Janney Montgomery Scott set a $30.00 price target on shares of Genesis Energy, L.P. and gave the stock a “buy” rating in a report on Friday, October 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $33.45.

Genesis Energy, L.P. (NYSE GEL) traded up $0.38 during midday trading on Friday, hitting $21.69. 997,575 shares of the stock were exchanged, compared to its average volume of 680,054. The company has a current ratio of 1.62, a quick ratio of 1.35 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $2,657.87, a PE ratio of 23.58, a PEG ratio of 2.80 and a beta of 1.18. Genesis Energy, L.P. has a 12-month low of $20.59 and a 12-month high of $37.88.

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In other Genesis Energy, L.P. news, insider Edward T. Flynn bought 4,681 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were bought at an average cost of $21.32 per share, for a total transaction of $99,798.92. Following the acquisition, the insider now directly owns 15,691 shares in the company, valued at $334,532.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth M. Jastrow II bought 27,196 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were acquired at an average price of $26.74 per share, for a total transaction of $727,221.04. Following the completion of the acquisition, the director now owns 9,397 shares in the company, valued at $251,275.78. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 98,244 shares of company stock worth $2,385,505. 0.72% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Tortoise Capital Advisors L.L.C. grew its holdings in Genesis Energy, L.P. by 4.4% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 10,312,699 shares of the pipeline company’s stock worth $327,222,000 after acquiring an additional 431,059 shares in the last quarter. Alps Advisors Inc. boosted its holdings in shares of Genesis Energy, L.P. by 11.3% in the 3rd quarter. Alps Advisors Inc. now owns 8,713,795 shares of the pipeline company’s stock valued at $229,608,000 after buying an additional 881,434 shares in the last quarter. Chickasaw Capital Management LLC boosted its holdings in shares of Genesis Energy, L.P. by 3.8% in the 2nd quarter. Chickasaw Capital Management LLC now owns 8,250,616 shares of the pipeline company’s stock valued at $261,792,000 after buying an additional 301,090 shares in the last quarter. RR Advisors LLC boosted its holdings in shares of Genesis Energy, L.P. by 3.6% in the 3rd quarter. RR Advisors LLC now owns 2,401,000 shares of the pipeline company’s stock valued at $63,243,000 after buying an additional 84,000 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Genesis Energy, L.P. by 46.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,202,594 shares of the pipeline company’s stock valued at $57,642,000 after buying an additional 695,436 shares in the last quarter. Institutional investors own 75.27% of the company’s stock.

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.

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

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