Genesis Energy (NYSE:GEL) Sets New 52-Week High - Still a Buy?

Genesis Energy, L.P. (NYSE:GEL - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $17.48 and last traded at $17.42, with a volume of 1326 shares changing hands. The stock had previously closed at $17.32.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company raised Genesis Energy from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $15.00 to $18.00 in a report on Monday, March 17th. Wall Street Zen cut shares of Genesis Energy from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Royal Bank Of Canada increased their target price on shares of Genesis Energy from $14.00 to $15.00 and gave the stock an "outperform" rating in a research report on Monday, March 17th.

Genesis Energy Trading Up 0.9%

The stock has a market capitalization of $2.14 billion, a P/E ratio of -3.35 and a beta of 1.05. The company has a current ratio of 1.48, a quick ratio of 1.42 and a debt-to-equity ratio of 18.33. The business has a 50-day moving average price of $15.77 and a two-hundred day moving average price of $13.45.

Genesis Energy (NYSE:GEL - Get Free Report) last released its earnings results on Thursday, May 8th. The pipeline company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.37). The firm had revenue of $398.31 million during the quarter. Genesis Energy had a negative net margin of 20.98% and a negative return on equity of 19.28%. The firm's revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.09) earnings per share.

Genesis Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.66 annualized dividend and a yield of 3.78%. Genesis Energy's dividend payout ratio is currently -12.67%.

Institutional Investors Weigh In On Genesis Energy

A number of large investors have recently modified their holdings of GEL. Jones Financial Companies Lllp acquired a new position in shares of Genesis Energy during the 1st quarter worth $108,000. F M Investments LLC bought a new position in Genesis Energy in the fourth quarter valued at about $122,000. Ameriprise Financial Inc. acquired a new position in Genesis Energy during the fourth quarter worth about $126,000. Cetera Investment Advisers bought a new position in shares of Genesis Energy in the first quarter worth about $193,000. Finally, Arrow Investment Advisors LLC lifted its holdings in shares of Genesis Energy by 21.1% in the first quarter. Arrow Investment Advisors LLC now owns 13,686 shares of the pipeline company's stock worth $215,000 after acquiring an additional 2,381 shares during the last quarter. Institutional investors and hedge funds own 66.82% of the company's stock.

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.