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Genesis Energy, L.P. (NYSE:GEL) has been given a consensus rating of “Hold” by the twelve analysts that are presently covering the stock, ARN reports. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $55.74.

A number of analysts have recently weighed in on GEL shares. 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 54.09 on Wednesday. Genesis Energy, L.P. has a one year low of $47.60 and a one year high of $57.47. The stock has a 50-day moving average of $54.22 and a 200-day moving average of $54.77. The company has a market cap of $4.797 billion and a P/E ratio of 54.41.

Genesis Energy, L.P. (NYSE:GEL) last announced its earnings results on Thursday, July 31st. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was down 5.0% on a year-over-year basis. 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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