Genesis Energy (NYSE:GEL) Hits New 1-Year High – Should You Buy?

Genesis Energy, L.P. (NYSE:GEL) shares reached a new 52-week high on Thursday . The stock traded as high as $17.95 and last traded at $17.8250, with a volume of 8921 shares trading hands. The stock had previously closed at $17.67.

Wall Street Analysts Forecast Growth

GEL has been the subject of several research reports. Royal Bank Of Canada reissued an “outperform” rating and set a $20.00 price objective on shares of Genesis Energy in a report on Tuesday, December 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genesis Energy in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.50.

Genesis Energy Trading Up 0.0%

The stock has a market cap of $2.16 billion, a P/E ratio of -4.21 and a beta of 0.84. The company has a debt-to-equity ratio of 19.59, a quick ratio of 0.90 and a current ratio of 0.98. The stock’s fifty day moving average is $16.52 and its 200 day moving average is $16.29.

Genesis Energy (NYSE:GEL) last issued its quarterly earnings data on Thursday, February 12th. The pipeline company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.24). The company had revenue of $440.76 million for the quarter. Genesis Energy had a negative net margin of 27.01% and a negative return on equity of 10.04%. Genesis Energy’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.58) EPS.

Genesis Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were given a $0.18 dividend. This is a boost from Genesis Energy’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Friday, January 30th. Genesis Energy’s dividend payout ratio is -17.18%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GEL. Fulcrum Asset Management LLP bought a new stake in shares of Genesis Energy in the 3rd quarter worth about $26,000. Mather Group LLC. purchased a new stake in Genesis Energy in the 3rd quarter worth about $30,000. Kestra Advisory Services LLC bought a new stake in Genesis Energy in the fourth quarter worth about $30,000. Geneos Wealth Management Inc. bought a new stake in Genesis Energy in the second quarter worth about $49,000. Finally, CWM LLC boosted its position in shares of Genesis Energy by 126.5% during the third quarter. CWM LLC now owns 3,106 shares of the pipeline company’s stock valued at $52,000 after buying an additional 1,735 shares during the period. Institutional investors own 66.82% of the company’s stock.

Genesis Energy Company Profile

Genesis Energy LP (NYSE: GEL) is a publicly traded master limited partnership headquartered in Houston, Texas, that owns and operates a diversified portfolio of energy infrastructure assets in the United States. The company’s primary focus is on the transportation, storage and delivery of refined petroleum products, serving major domestic markets across the Gulf Coast, Atlantic Seaboard and inland waterway systems.

Genesis Energy’s operations are organized into several key business segments.