News coverage about Genesis Energy (NYSE:GEL) has trended somewhat positive on Saturday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Genesis Energy earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the pipeline company an impact score of 45.569172451666 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of equities analysts recently issued reports on the company. Janney Montgomery Scott set a $30.00 price target on Genesis Energy and gave the stock a “buy” rating in a report on Friday, October 13th. Barclays raised Genesis Energy from an “underweight” rating to an “equal weight” rating and lowered their price target for the stock from $31.00 to $27.00 in a report on Friday, October 13th. Zacks Investment Research raised Genesis Energy 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. Royal Bank of Canada lowered their price target on Genesis Energy from $34.00 to $28.00 and set a “sector perform” rating on the stock in a report on Friday, October 13th. Finally, UBS Group lowered their price target on Genesis Energy from $41.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $33.55.
Shares of Genesis Energy (NYSE GEL) traded up $0.09 during trading hours on Friday, reaching $25.36. 1,116,547 shares of the company were exchanged, compared to its average volume of 908,310. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.35 and a current ratio of 1.62. The firm has a market capitalization of $3,110.00, a P/E ratio of 36.23 and a beta of 1.15. Genesis Energy has a 1 year low of $20.43 and a 1 year high of $37.88.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st will be given a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $2.04 dividend on an annualized basis and a yield of 8.04%. This is an increase from Genesis Energy’s previous quarterly dividend of $0.50. Genesis Energy’s dividend payout ratio (DPR) is presently 285.71%.
In related news, Director Sharilyn S. Gasaway purchased 10,000 shares of Genesis Energy stock in a transaction dated Wednesday, November 8th. The stock was bought at an average cost of $23.09 per share, for a total transaction of $230,900.00. Following the transaction, the director now owns 278,364 shares in the company, valued at $6,427,424.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Ryan S. Sims purchased 4,300 shares of Genesis Energy stock in a transaction dated Wednesday, November 8th. The shares were bought at an average price of $23.25 per share, with a total value of $99,975.00. Following the completion of the transaction, the vice president now owns 4,300 shares in the company, valued at approximately $99,975. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 257,775 shares of company stock valued at $5,659,913. 0.72% of the stock is owned by insiders.
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Genesis Energy 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.
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