Genesis Energy, L.P. (GEL) Announces Quarterly Earnings Results, Misses Estimates By $0.17 EPS
Genesis Energy, L.P. (NYSE:GEL) issued its quarterly earnings data on Tuesday. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.36 by $0.17, Stock Ratings Network reports. The company had revenue of $961.04 billion for the quarter, compared to the consensus estimate of $1.45 billion.
GEL has been the subject of a number of recent research reports. Analysts at Barclays downgraded shares of Genesis Energy, L.P. from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, January 14th. On a related note, analysts at Credit Suisse upgraded shares of Genesis Energy, L.P. from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 9th. Finally, analysts at MLV Capital initiated coverage on shares of Genesis Energy, L.P. in a research note on Monday, December 2nd. They set a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $54.75.
Shares of Genesis Energy, L.P. (NYSE:GEL) opened at 56.27 on Tuesday. Genesis Energy, L.P. has a 52 week low of $42.34 and a 52 week high of $56.80. The stock has a 50-day moving average of $53.78 and a 200-day moving average of $50.94. The company has a market cap of $4.991 billion and a price-to-earnings ratio of 48.71.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.