Genesis Energy (NYSE:GEL) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Genesis Energy, L.P. (NYSE:GEL - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.28 and traded as high as $16.40. Genesis Energy shares last traded at $16.37, with a volume of 401,586 shares traded.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GEL. Royal Bank Of Canada raised their price objective on Genesis Energy from $15.00 to $18.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Wall Street Zen raised Genesis Energy from a "sell" rating to a "hold" rating in a report on Saturday, July 5th.

Genesis Energy Stock Performance

The stock has a 50-day simple moving average of $16.61 and a 200 day simple moving average of $14.29. The company has a debt-to-equity ratio of 18.33, a current ratio of 1.48 and a quick ratio of 1.42. The company has a market capitalization of $2.05 billion, a PE ratio of -3.21 and a beta of 1.05.

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). Genesis Energy had a negative net margin of 20.98% and a negative return on equity of 19.28%. The business had revenue of $398.31 million during the quarter. During the same period in the prior year, the firm earned ($0.09) EPS. The company's revenue was down 8.3% on a year-over-year basis.

Genesis Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Thursday, July 31st. Genesis Energy's payout ratio is -12.67%.

Hedge Funds Weigh In On Genesis Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in Genesis Energy during the first quarter valued at approximately $108,000. F M Investments LLC acquired a new stake in Genesis Energy in the 4th quarter valued at about $122,000. Cetera Investment Advisers bought a new position in Genesis Energy in the 1st quarter valued at about $193,000. Ameriprise Financial Inc. bought a new position in shares of Genesis Energy during the fourth quarter worth approximately $126,000. Finally, Arrow Investment Advisors LLC increased its stake in Genesis Energy by 21.1% in the first quarter. Arrow Investment Advisors LLC now owns 13,686 shares of the pipeline company's stock valued at $215,000 after acquiring an additional 2,381 shares during the last quarter. 66.82% of the stock is owned by 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.