Genesis Energy, L.P. Given Average Rating of “Hold” by Analysts (NYSE:GEL)
Shares of Genesis Energy, L.P. (NYSE:GEL) have earned an average recommendation of “Hold” from the twelve brokerages that are presently covering the stock, Analyst Ratings Network reports. Eight analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $56.50.
GEL has been the subject of a number of recent research reports. Analysts at Citic Securities Co., Ltd downgraded shares of Genesis Energy, L.P. from a “buy” rating to a “neutral” rating in a research note on Friday, March 28th. They now have a $56.00 price target on the stock, down previously from $61.00. Separately, analysts at Citigroup Inc. downgraded shares of Genesis Energy, L.P. from a “buy” rating to a “neutral” rating in a research note on Friday, March 28th. They now have a $56.00 price target on the stock, down previously from $61.00. Finally, analysts at UBS AG raised their price target on shares of Genesis Energy, L.P. from $56.00 to $60.00 in a research note on Wednesday, February 19th. They now have a “buy” rating on the stock.
Shares of Genesis Energy, L.P. (NYSE:GEL) traded down 0.05% on Wednesday, hitting $54.79. The stock had a trading volume of 4,334 shares. Genesis Energy, L.P. has a one year low of $44.85 and a one year high of $56.80. The stock has a 50-day moving average of $54.4 and a 200-day moving average of $52.43. The company has a market cap of $4.859 billion and a price-to-earnings ratio of 53.43.
Genesis Energy, L.P. (NYSE:GEL) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the 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. On average, analysts predict that Genesis Energy, L.P. will post $1.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Tuesday, April 29th.
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, Florida and in the Gulf of Mexico.
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