Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Genesis Energy, L.P. (GEL) Stock Price

Headlines about Genesis Energy, L.P. (NYSE:GEL) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Genesis Energy, L.P. earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the pipeline company an impact score of 44.8092066807746 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news articles that may have effected Accern’s scoring:

Shares of Genesis Energy, L.P. (NYSE GEL) traded down $0.38 during midday trading on Tuesday, hitting $21.35. 1,340,148 shares of the stock were exchanged, compared to its average volume of 527,680. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.35 and a current ratio of 1.62. The stock has a market cap of $2,620.00, a P/E ratio of 23.58, a PEG ratio of 2.80 and a beta of 1.18. Genesis Energy, L.P. has a 12-month low of $20.59 and a 12-month high of $37.88.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.37%. The ex-dividend date of this dividend was Monday, October 30th. Genesis Energy, L.P.’s payout ratio is presently 285.71%.

GEL has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $34.00 target price on shares of Genesis Energy, L.P. in a research report on Monday, August 21st. Zacks Investment Research raised shares of Genesis Energy, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Robert W. Baird raised shares of Genesis Energy, L.P. from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $35.00 to $37.00 in a research report on Monday, August 7th. UBS AG cut their price objective on shares of Genesis Energy, L.P. from $41.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, October 17th. Finally, Barclays PLC cut their price objective on shares of Genesis Energy, L.P. from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.45.

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In related news, Director Sharilyn S. Gasaway purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average price of $23.09 per share, with a total value of $230,900.00. Following the acquisition, the director now directly owns 278,364 shares in the company, valued at approximately $6,427,424.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Edward T. Flynn purchased 4,681 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were bought at an average cost of $21.32 per share, for a total transaction of $99,798.92. Following the acquisition, the insider now owns 15,691 shares in the company, valued at $334,532.12. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 272,275 shares of company stock worth $6,140,363. Insiders own 0.72% of the company’s stock.

Genesis Energy, L.P. 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.

Insider Buying and Selling by Quarter for Genesis Energy, L.P. (NYSE:GEL)

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