Genesis Energy, L.P. common stock (GEL) Receives $28.80 Average Price Target from Analysts

Shares of Genesis Energy, L.P. common stock (NYSE:GEL) have received an average recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $28.80.

A number of analysts recently commented on GEL shares. ValuEngine upgraded Genesis Energy, L.P. common stock from a “strong sell” rating to a “sell” rating in a report on Thursday, August 9th. Barclays lifted their price target on Genesis Energy, L.P. common stock from $23.00 to $24.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 11th. Zacks Investment Research upgraded Genesis Energy, L.P. common stock from a “strong sell” rating to a “hold” rating in a report on Monday, July 16th. Robert W. Baird lowered Genesis Energy, L.P. common stock from an “outperform” rating to a “neutral” rating and set a $29.00 price target on the stock. in a report on Tuesday, September 4th. Finally, UBS Group lifted their price target on Genesis Energy, L.P. common stock from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, August 30th.

In other news, VP Garland G. Gaspard bought 1,247 shares of the firm’s stock in a transaction on Wednesday, September 5th. The stock was acquired at an average cost of $24.07 per share, with a total value of $30,015.29. Following the completion of the transaction, the vice president now directly owns 1,247 shares of the company’s stock, valued at approximately $30,015.29. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.72% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Baldwin Brothers Inc. MA purchased a new stake in Genesis Energy, L.P. common stock in the second quarter worth $193,000. GWM Advisors LLC purchased a new stake in Genesis Energy, L.P. common stock in the second quarter worth $212,000. Summit Trail Advisors LLC increased its position in Genesis Energy, L.P. common stock by 1,717.8% in the first quarter. Summit Trail Advisors LLC now owns 215,952 shares of the pipeline company’s stock worth $216,000 after buying an additional 204,072 shares during the last quarter. Horrell Capital Management Inc. purchased a new stake in Genesis Energy, L.P. common stock in the second quarter worth $219,000. Finally, Steward Partners Investment Advisory LLC increased its position in Genesis Energy, L.P. common stock by 380.9% in the second quarter. Steward Partners Investment Advisory LLC now owns 11,825 shares of the pipeline company’s stock worth $259,000 after buying an additional 9,366 shares during the last quarter. 74.23% of the stock is owned by institutional investors and hedge funds.

Shares of GEL stock traded down $0.56 during trading hours on Wednesday, reaching $24.44. The company had a trading volume of 515,469 shares, compared to its average volume of 651,934. Genesis Energy, L.P. common stock has a 12 month low of $18.42 and a 12 month 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 firm has a market capitalization of $3.09 billion, a PE 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) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.22). Genesis Energy, L.P. common stock had a net margin of 1.52% and a return on equity of 7.32%. The company had revenue of $752.39 million during the quarter, compared to the consensus estimate of $729.72 million. During the same quarter in the prior year, the business earned $0.28 EPS. The firm’s revenue for the quarter was up 85.0% compared to the same quarter last year. equities research analysts anticipate that Genesis Energy, L.P. common stock will post 0.33 earnings per share for the current fiscal year.

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.

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

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