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Genesis Energy, L.P. (NYSE:GEL) has earned an average recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, American Banking reports. Nine research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $55.74.

A number of research firms have recently commented on GEL. Analysts at Zacks upgraded shares of Genesis Energy, L.P. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 5th. They now have a $54.20 price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Genesis Energy, L.P. in a research note on Monday, August 4th. They now have a $56.00 price target on the stock, down previously from $57.00. Finally, analysts at Raymond James cut their price target on shares of Genesis Energy, L.P. from $61.00 to $55.00 in a research note on Monday, August 4th.

Genesis Energy, L.P. (NYSE:GEL) opened at 54.20 on Wednesday. Genesis Energy, L.P. has a 1-year low of $47.60 and a 1-year high of $57.47. The stock’s 50-day moving average is $54.41 and its 200-day moving average is $54.. The company has a market cap of $4.807 billion and a price-to-earnings ratio of 54.37.

Genesis Energy, L.P. (NYSE:GEL) last released its earnings data on Thursday, July 31st. The company reported $0.24 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.11. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company posted $0.33 earnings per share. Genesis Energy, L.P.’s revenue was down 5.0% compared to the same quarter last year. On average, analysts predict that Genesis Energy, L.P. will post $1.37 earnings per share for the current fiscal year.

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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