Shares of Genesis Energy, L.P. common stock (NYSE:GEL) have been assigned a consensus rating of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $28.80.

Several equities analysts recently commented on the company. UBS Group boosted their target price on Genesis Energy, L.P. common stock from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Robert W. Baird cut Genesis Energy, L.P. common stock from an “outperform” rating to a “neutral” rating and set a $29.00 target price for the company. in a research report on Tuesday, September 4th. ValuEngine upgraded Genesis Energy, L.P. common stock from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. Zacks Investment Research cut Genesis Energy, L.P. common stock from a “hold” rating to a “strong sell” rating in a research report on Friday, August 10th. Finally, Raymond James reaffirmed a “buy” rating on shares of Genesis Energy, L.P. common stock in a research note on Monday, August 13th.

Genesis Energy, L.P. common stock stock traded down $0.56 during midday trading on Wednesday, hitting $24.44. 515,469 shares of the company’s stock were exchanged, compared to its average volume of 651,934. Genesis Energy, L.P. common stock has a 52-week low of $18.42 and a 52-week high of $27.27. The company has a quick ratio of 1.26, a current ratio of 1.50 and a debt-to-equity ratio of 2.01. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 23.26 and a beta of 1.25.

Genesis Energy, L.P. common stock (NYSE:GEL) last posted its earnings results on Wednesday, August 8th. The pipeline company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.22). Genesis Energy, L.P. common stock had a return on equity of 7.32% and a net margin of 1.52%. The business had revenue of $752.39 million for the quarter, compared to analysts’ expectations of $729.72 million. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Genesis Energy, L.P. common stock’s quarterly revenue was up 85.0% compared to the same quarter last year. research analysts anticipate that Genesis Energy, L.P. common stock will post 0.33 earnings per share for the current year.

In other news, VP Garland G. Gaspard purchased 1,247 shares of the company’s stock in a transaction on Wednesday, September 5th. The stock was purchased at an average price of $24.07 per share, with a total value of $30,015.29. Following the completion of the purchase, the vice president now directly owns 1,247 shares in the company, valued at approximately $30,015.29. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.72% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Baldwin Brothers Inc. MA bought a new stake in shares of Genesis Energy, L.P. common stock in the 2nd quarter valued at about $193,000. GWM Advisors LLC bought a new position in Genesis Energy, L.P. common stock during the 2nd quarter valued at approximately $212,000. Horrell Capital Management Inc. bought a new position in Genesis Energy, L.P. common stock during the 2nd quarter valued at approximately $219,000. Steward Partners Investment Advisory LLC raised its position in Genesis Energy, L.P. common stock by 380.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 11,825 shares of the pipeline company’s stock valued at $259,000 after purchasing an additional 9,366 shares during the last quarter. Finally, Jane Street Group LLC raised its position in Genesis Energy, L.P. common stock by 259.9% during the 2nd quarter. Jane Street Group LLC now owns 13,413 shares of the pipeline company’s stock valued at $294,000 after purchasing an additional 21,802 shares during the last quarter. 74.23% of the stock is owned by institutional investors.

Genesis Energy, L.P. common stock Company Profile

Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company's Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations; and in the deep-water pipeline servicing in the southern Keathley Canyon area of the Gulf of Mexico.

See Also: What is Considered a Good Return on Equity (ROE)?

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

Receive News & Ratings for Genesis Energy L.P. common stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesis Energy L.P. common stock and related companies with MarketBeat.com's FREE daily email newsletter.