Media stories about Genesis Energy (NYSE:GEL) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Genesis Energy earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave headlines about the pipeline company an impact score of 45.3956448756182 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have effected Accern’s analysis:
- Brokerages Anticipate Genesis Energy, L.P. (GEL) Will Announce Quarterly Sales of $675.70 Million (americanbankingnews.com)
- Can Genesis Energy LP (GEL) Thread the Needle? Stock Ticks -0.16 – Clawson News (clawsonnews.com)
- Kenneth M. Jastrow II Purchases 15,000 Shares of Genesis Energy, L.P. (GEL) Stock (americanbankingnews.com)
- $0.36 Earnings Per Share Expected for Genesis Energy, L.P. (GEL) This Quarter (americanbankingnews.com)
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 in a research note on Wednesday, September 27th. Barclays upgraded Genesis Energy from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $31.00 to $27.00 in a report on Friday, October 13th. Janney Montgomery Scott set a $30.00 price objective on Genesis Energy and gave the stock a “buy” rating in a report on Friday, October 13th. Robert W. Baird set a $29.00 price objective on Genesis Energy and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, UBS dropped their price objective on Genesis Energy from $41.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.45.
In other news, VP Ryan S. Sims bought 4,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were purchased at an average price of $23.25 per share, for a total transaction of $99,975.00. Following the acquisition, the vice president now directly owns 4,300 shares of the company’s stock, valued at approximately $99,975. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sharilyn S. Gasaway bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average price of $23.09 per share, for a total transaction of $230,900.00. Following the acquisition, the director now directly owns 278,364 shares in the company, valued at $6,427,424.76. The disclosure for this purchase can be found here. Insiders purchased a total of 257,775 shares of company stock valued at $5,659,913 in the last ninety days. Company insiders own 0.72% of the company’s stock.
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About Genesis Energy
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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