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Genesis Energy, L.P. (NYSE:GEL) shares fell 4.6% during mid-day trading on Tuesday following a weaker than expected earnings announcement, American Banking reports. The company traded as low as $53.02 and last traded at $53.66, with a volume of 610,933 shares changing hands. The stock had previously closed at $56.27.

The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.36 by $0.17. The company had revenue of $961.04 billion for the quarter, compared to the consensus estimate of $1.45 billion.

A number of analysts have recently weighed in on GEL shares. Analysts at Janney Montgomery Scott downgraded shares of Genesis Energy, L.P. from a “buy” rating to a “neutral” rating in a research note on Tuesday. Separately, 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. Finally, 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. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $54.75.

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 $4.766 billion and a price-to-earnings ratio of 48.55.

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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