Genesis Energy (NYSE:GEL) Stock Rating Upgraded by Capital One Financial

Genesis Energy (NYSE:GEL) was upgraded by equities research analysts at Capital One Financial from an “equal weight” rating to an “overweight” rating in a report released on Friday, Marketbeat.com reports.

Several other brokerages have also commented on GEL. Royal Bank of Canada lifted their price target on shares of Genesis Energy from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. StockNews.com lowered shares of Genesis Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 5th.

Genesis Energy Trading Down 2.2 %

Genesis Energy stock traded down $0.25 during trading on Friday, reaching $11.06. 825,632 shares of the company were exchanged, compared to its average volume of 369,699. Genesis Energy has a 52-week low of $10.01 and a 52-week high of $15.17. The company has a debt-to-equity ratio of 4.74, a current ratio of 1.09 and a quick ratio of 0.96. The stock’s 50 day simple moving average is $13.24 and its two-hundred day simple moving average is $13.27. The company has a market capitalization of $1.35 billion, a P/E ratio of -84.92 and a beta of 2.10.

Genesis Energy (NYSE:GEL) last posted its earnings results on Thursday, October 31st. The pipeline company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.22). Genesis Energy had a return on equity of 8.26% and a net margin of 2.34%. The business had revenue of $714.30 million for the quarter. During the same period last year, the business posted $0.29 earnings per share.

Insiders Place Their Bets

In other news, VP Garland G. Gaspard bought 2,261 shares of Genesis Energy stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of $13.27 per share, for a total transaction of $30,003.47. Following the acquisition, the vice president now owns 19,525 shares in the company, valued at approximately $259,096.75. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.72% of the stock is currently owned by company insiders.

Institutional Trading of Genesis Energy

A number of institutional investors have recently modified their holdings of the company. Paragon Associates & Paragon Associates II Joint Venture acquired a new stake in Genesis Energy in the first quarter valued at approximately $111,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Genesis Energy in the third quarter valued at $139,000. Van ECK Associates Corp grew its holdings in Genesis Energy by 17.4% during the 2nd quarter. Van ECK Associates Corp now owns 20,777 shares of the pipeline company’s stock valued at $297,000 after purchasing an additional 3,073 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Genesis Energy by 4.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 33,435 shares of the pipeline company’s stock worth $372,000 after buying an additional 1,550 shares during the period. Finally, Axiom Advisory LLC lifted its holdings in Genesis Energy by 2.8% in the 3rd quarter. Axiom Advisory LLC now owns 29,382 shares of the pipeline company’s stock worth $400,000 after buying an additional 794 shares in the last quarter. Hedge funds and other institutional investors own 66.82% of the company’s stock.

About Genesis Energy

Genesis Energy, L.P. provides integrated suite of midstream services in crude oil and natural gas industry in the United States. It operates through Offshore Pipeline Transportation, Soda and Sulfur Services, Marine Transportation, and Onshore Facilities and Transportation segments. The Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations, as well as deep water pipeline servicing.