Genesis Energy (NYSE:GEL) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Genesis Energy, L.P. (NYSE:GEL) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.68 and traded as high as $16.65. Genesis Energy shares last traded at $16.33, with a volume of 543,917 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Genesis Energy from $18.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Wall Street Zen raised shares of Genesis Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Finally, Royal Bank Of Canada lifted their price target on shares of Genesis Energy from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $19.50.

Genesis Energy Stock Down 1.3%

The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 18.85. The stock’s 50-day simple moving average is $16.85 and its 200-day simple moving average is $15.68. The firm has a market capitalization of $2.00 billion, a P/E ratio of -3.21 and a beta of 1.23.

Genesis Energy (NYSE:GEL) last issued its quarterly earnings data on Thursday, July 31st. The pipeline company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The firm had revenue of $377.35 million during the quarter. Genesis Energy had a negative return on equity of 24.47% and a negative net margin of 24.19%.The business’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.25) earnings per share.

Genesis Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Thursday, July 31st. Genesis Energy’s payout ratio is presently -12.99%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GEL. Ameriprise Financial Inc. purchased a new position in Genesis Energy in the fourth quarter valued at about $126,000. Captrust Financial Advisors boosted its stake in Genesis Energy by 9.1% in the fourth quarter. Captrust Financial Advisors now owns 34,620 shares of the pipeline company’s stock valued at $350,000 after acquiring an additional 2,900 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Genesis Energy by 411.6% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 110,658 shares of the pipeline company’s stock valued at $1,736,000 after buying an additional 89,029 shares in the last quarter. Sowell Financial Services LLC lifted its stake in shares of Genesis Energy by 1.4% during the 1st quarter. Sowell Financial Services LLC now owns 93,651 shares of the pipeline company’s stock valued at $1,469,000 after buying an additional 1,250 shares in the last quarter. Finally, Arrow Investment Advisors LLC lifted its stake in shares of Genesis Energy by 21.1% during the 1st quarter. Arrow Investment Advisors LLC now owns 13,686 shares of the pipeline company’s stock valued at $215,000 after buying an additional 2,381 shares in the last quarter. 66.82% of the stock is currently owned by hedge funds and other institutional investors.

About Genesis Energy

Genesis Energy, L.P. provides integrated suite of midstream services in crude oil and natural gas industry in the United States. It operates through Offshore Pipeline Transportation, Soda and Sulfur Services, Marine Transportation, and Onshore Facilities and Transportation segments. The Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations, as well as deep water pipeline servicing.