Genesis Energy, L.P. (NYSE: GEL) has recently received a number of price target changes and ratings updates:

  • 8/7/2017 – Genesis Energy, L.P. was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $37.00 price target on the stock, up previously from $35.00.
  • 8/1/2017 – Genesis Energy, L.P. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Genesis Energy operates crude oil common carrier pipelines and is an independent gatherer and marketer of crude oil in North America, with operations concentrated in Texas, Louisiana, Alabama, Florida, Mississippi and New Mexico. “
  • 7/19/2017 – Genesis Energy, L.P. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Genesis Energy operates crude oil common carrier pipelines and is an independent gatherer and marketer of crude oil in North America, with operations concentrated in Texas, Louisiana, Alabama, Florida, Mississippi and New Mexico. “
  • 7/18/2017 – Genesis Energy, L.P. was downgraded by analysts at Barclays PLC from an “equal weight” rating to an “underweight” rating. They now have a $31.00 price target on the stock, down previously from $33.00.
  • 7/13/2017 – Genesis Energy, L.P. had its “neutral” rating reaffirmed by analysts at Robert W. Baird. They now have a $35.00 price target on the stock, down previously from $37.00.
  • 7/12/2017 – Genesis Energy, L.P. was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/12/2017 – Genesis Energy, L.P. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $35.00 price target on the stock. According to Zacks, “Genesis Energy operates crude oil common carrier pipelines and is an independent gatherer and marketer of crude oil in North America, with operations concentrated in Texas, Louisiana, Alabama, Florida, Mississippi and New Mexico. “
  • 7/3/2017 – Genesis Energy, L.P. was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/27/2017 – Genesis Energy, L.P. was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/10/2017 – Genesis Energy, L.P. was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Shares of Genesis Energy, L.P. (NYSE:GEL) opened at 29.59 on Tuesday. The company has a market capitalization of $3.63 billion, a P/E ratio of 32.55 and a beta of 1.20. Genesis Energy, L.P. has a one year low of $28.16 and a one year high of $38.36. The firm has a 50-day moving average of $30.47 and a 200-day moving average of $32.41.

Genesis Energy, L.P. (NYSE:GEL) last released its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.05. Genesis Energy, L.P. had a net margin of 6.73% and a return on equity of 5.32%. The firm had revenue of $406.72 million during the quarter, compared to analysts’ expectations of $503.22 million. Equities research analysts expect that Genesis Energy, L.P. will post $1.10 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be given a $0.723 dividend. This represents a $2.89 dividend on an annualized basis and a dividend yield of 9.77%. The ex-dividend date of this dividend is Thursday, July 27th. This is a boost from Genesis Energy, L.P.’s previous quarterly dividend of $0.60. Genesis Energy, L.P.’s payout ratio is presently 294.90%.

In other Genesis Energy, L.P. news, CFO Robert V. Deere bought 34,000 shares of Genesis Energy, L.P. stock in a transaction dated Tuesday, June 13th. The stock was bought at an average price of $30.34 per share, with a total value of $1,031,560.00. Following the completion of the transaction, the chief financial officer now owns 783,935 shares in the company, valued at approximately $23,784,587.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.72% of the company’s stock.

Genesis Energy L.P. is a limited partnership focused on the midstream segment of the oil and gas industry. The Company operates through four segments: Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of crude oil and natural gas in the Gulf of Mexico.

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