Shares of Genesis Energy, L.P. (NYSE:GEL) have been given an average recommendation of “Hold” by the fourteen analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $33.67.
A number of brokerages recently issued reports on GEL. ValuEngine upgraded Genesis Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Robert W. Baird set a $29.00 price objective on Genesis Energy and gave the stock a “buy” rating in a research report on Friday, November 17th. Zacks Investment Research downgraded Genesis Energy from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Barclays lowered their price objective on Genesis Energy from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, November 6th. Finally, UBS Group lowered their price objective on Genesis Energy from $41.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, October 17th.
Shares of Genesis Energy (GEL) opened at $23.95 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.62 and a quick ratio of 1.35. Genesis Energy has a 12-month low of $20.43 and a 12-month high of $37.88. The stock has a market capitalization of $2,906.63, a price-to-earnings ratio of 33.73 and a beta of 1.15.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ffcm LLC increased its holdings in shares of Genesis Energy by 205.4% in the second quarter. Ffcm LLC now owns 3,573 shares of the pipeline company’s stock worth $116,000 after buying an additional 2,403 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Genesis Energy by 7.5% in the second quarter. The Manufacturers Life Insurance Company now owns 3,897 shares of the pipeline company’s stock worth $124,000 after buying an additional 271 shares during the period. Pathstone Family Office LLC purchased a new position in shares of Genesis Energy in the second quarter worth about $133,000. Chicago Partners Investment Group LLC increased its holdings in shares of Genesis Energy by 342.2% in the third quarter. Chicago Partners Investment Group LLC now owns 4,351 shares of the pipeline company’s stock worth $115,000 after buying an additional 3,367 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of Genesis Energy by 13.0% in the second quarter. Bank of Montreal Can now owns 4,959 shares of the pipeline company’s stock worth $158,000 after buying an additional 570 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.
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Genesis Energy Company Profile
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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