Credit Suisse Upgrades Genesis Energy, L.P. to “Outperform” (GEL)
Genesis Energy, L.P. (NYSE:GEL) was upgraded by equities researchers at Credit Suisse from a “neutral” rating to an “outperform” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on GEL. Analysts at MLV Capital initiated coverage on shares of Genesis Energy, L.P. in a research note to investors on Monday, December 2nd. They set a “hold” rating on the stock. Analysts at Wells Fargo & Co. downgraded shares of Genesis Energy, L.P. from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $53.00.
Genesis Energy, L.P. (NYSE:GEL) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.38 by $0.16. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 20.9% on a year-over-year basis.
Genesis Energy, L.P. (NYSE:GEL) is a limited partnership focused on the midstream segment of the oil and gas industry in the Gulf Coast region of the United States, primarily Texas, Louisiana, Arkansas, Mississippi, Alabama and Florida.
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