Genesis Energy, L.P. (NYSE:GEL) has earned an average rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $27.75.
GEL has been the topic of a number of research reports. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Raymond James initiated coverage on shares of Planet Fitness in a report on Wednesday, June 26th. They set an “outperform” rating and a $80.00 price target for the company. Finally, ValuEngine raised shares of YY from a “sell” rating to a “hold” rating in a report on Friday, June 7th.
In other Genesis Energy news, insider Edward T. Flynn bought 15,700 shares of Genesis Energy stock in a transaction dated Friday, May 3rd. The stock was purchased at an average price of $21.73 per share, for a total transaction of $341,161.00. Following the completion of the purchase, the insider now directly owns 43,916 shares of the company’s stock, valued at $954,294.68. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kenneth M. Jastrow II acquired 50,000 shares of Genesis Energy stock in a transaction that occurred on Friday, May 10th. The shares were purchased at an average cost of $21.54 per share, with a total value of $1,077,000.00. Following the purchase, the director now owns 70,129 shares of the company’s stock, valued at approximately $1,510,578.66. The disclosure for this purchase can be found here. Insiders have purchased 69,700 shares of company stock worth $1,502,161 over the last three months. 0.72% of the stock is owned by insiders.
Shares of NYSE:GEL traded up $0.02 during trading on Tuesday, reaching $22.80. The stock had a trading volume of 331,888 shares, compared to its average volume of 549,818. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 0.89. The company has a market cap of $2.79 billion, a PE ratio of -285.00 and a beta of 1.26. The firm has a 50-day simple moving average of $22.06. Genesis Energy has a 52 week low of $17.55 and a 52 week high of $25.52.
Genesis Energy (NYSE:GEL) last announced its quarterly earnings results on Thursday, May 2nd. The pipeline company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.19). The firm had revenue of $620.00 million for the quarter, compared to the consensus estimate of $719.55 million. Genesis Energy had a return on equity of 5.10% and a net margin of 0.07%. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.07) earnings per share. Equities research analysts anticipate that Genesis Energy will post 0.42 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 9.65%. The ex-dividend date is Tuesday, July 30th. Genesis Energy’s dividend payout ratio (DPR) is -2,750.00%.
About Genesis Energy
Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company's Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations; and in the deep water pipeline servicing in the southern Keathley Canyon area of the Gulf of Mexico.
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