Genesis Energy (NYSE:GEL) Hits New 1-Year Low - Should You Sell?

Genesis Energy, L.P. (NYSE:GEL - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $13.48 and last traded at $13.69, with a volume of 381673 shares. The stock had previously closed at $13.84.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GEL. Wells Fargo & Company upgraded Genesis Energy from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $15.00 to $18.00 in a research report on Monday, March 17th. Royal Bank of Canada boosted their price target on shares of Genesis Energy from $14.00 to $15.00 and gave the stock an "outperform" rating in a research note on Monday, March 17th.

Genesis Energy Trading Down 2.0 %

The stock has a market capitalization of $1.69 billion, a P/E ratio of -11.11 and a beta of 1.08. The stock's fifty day moving average price is $13.95 and its two-hundred day moving average price is $12.15. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 5.13.

Genesis Energy (NYSE:GEL - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The pipeline company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.53). Genesis Energy had a negative return on equity of 7.71% and a negative net margin of 2.16%. The company had revenue of $725.55 million during the quarter.

Genesis Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.165 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.66 annualized dividend and a yield of 4.79%. Genesis Energy's payout ratio is currently -53.23%.

Institutional Trading of Genesis Energy

A number of institutional investors have recently modified their holdings of GEL. Alps Advisors Inc. grew its position in shares of Genesis Energy by 16.6% in the 1st quarter. Alps Advisors Inc. now owns 24,020,175 shares of the pipeline company's stock worth $376,877,000 after buying an additional 3,422,967 shares during the last quarter. Miller Howard Investments Inc. NY purchased a new position in shares of Genesis Energy in the 1st quarter valued at approximately $19,336,000. JPMorgan Chase & Co. boosted its position in shares of Genesis Energy by 9.9% during the fourth quarter. JPMorgan Chase & Co. now owns 4,665,597 shares of the pipeline company's stock valued at $47,169,000 after purchasing an additional 418,555 shares in the last quarter. Tejara Capital Ltd purchased a new stake in Genesis Energy in the fourth quarter worth $3,205,000. Finally, Rangeley Capital LLC bought a new position in Genesis Energy in the fourth quarter worth $2,133,000. 66.82% of the stock is currently owned by hedge funds and other institutional investors.

Genesis Energy Company Profile

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.