Genesis Energy (GEL) Receives Daily Media Impact Score of 0.06

Headlines about Genesis Energy (NYSE:GEL) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Genesis Energy earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned headlines about the pipeline company an impact score of 46.7735952913584 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the headlines that may have effected Accern’s rankings:

Genesis Energy (GEL) traded up $0.22 during midday trading on Monday, hitting $22.44. The stock had a trading volume of 1,083,453 shares, compared to its average volume of 539,188. The stock has a market cap of $2,750.00, a PE ratio of 24.15 and a beta of 1.15. The company has a current ratio of 1.62, a quick ratio of 1.35 and a debt-to-equity ratio of 1.80. Genesis Energy has a fifty-two week low of $20.43 and a fifty-two week high of $37.88.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.91%. The ex-dividend date was Monday, October 30th. Genesis Energy’s dividend payout ratio is presently 285.71%.

A number of analysts have issued reports on GEL shares. Barclays raised Genesis Energy from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $31.00 to $27.00 in a research note on Friday, October 13th. Zacks Investment Research downgraded Genesis Energy from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Royal Bank Of Canada cut their target price on Genesis Energy from $34.00 to $28.00 and set a “sector perform” rating for the company in a research note on Friday, October 13th. Robert W. Baird set a $29.00 target price on Genesis Energy and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, Janney Montgomery Scott set a $30.00 target price on Genesis Energy and gave the stock a “buy” rating in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $33.45.

In other Genesis Energy news, CFO Robert V. Deere purchased 45,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average cost of $21.71 per share, for a total transaction of $976,950.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James E. Davison purchased 79,031 shares of the stock in a transaction dated Monday, November 20th. The shares were acquired at an average price of $21.56 per share, with a total value of $1,703,908.36. Following the completion of the acquisition, the director now owns 2,405,994 shares in the company, valued at approximately $51,873,230.64. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 272,275 shares of company stock valued at $6,140,363. Company insiders own 0.72% of the company’s stock.

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About Genesis Energy

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.

Insider Buying and Selling by Quarter for Genesis Energy (NYSE:GEL)

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