Genesis Energy (NYSE:GEL) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Genesis Energy's stock price has recently crossed above its 200-day moving average, reaching a high of $16.65, which may prompt investors to consider selling.
• Wall Street analysts have mixed opinions, with Wells Fargo raising their target price from $18.00 to $19.00, while Genesis Energy's average rating is currently at "Buy" with a price target of $19.50.
• Despite announcing a quarterly dividend of $0.165, the company reported disappointing earnings, missing analysts' expectations with an EPS of (0.12) and a revenue decline of 12.3% year-over-year.

Genesis Energy, L.P. (NYSE:GEL - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.68 and traded as high as $16.65. Genesis Energy shares last traded at $16.33, with a volume of 543,917 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GEL shares. Wall Street Zen upgraded shares of Genesis Energy from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Royal Bank Of Canada boosted their price objective on shares of Genesis Energy from $18.00 to $20.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company boosted their price objective on shares of Genesis Energy from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $19.50.

Genesis Energy Stock Performance

The stock's 50 day moving average price is $16.78 and its 200 day moving average price is $15.74. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 18.85. The company has a market cap of $2.03 billion, a price-to-earnings ratio of -3.26 and a beta of 1.22.

Genesis Energy (NYSE:GEL - Get Free Report) last posted its earnings results on Thursday, July 31st. The pipeline company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.08). The business had revenue of $377.35 million for the quarter. Genesis Energy had a negative return on equity of 24.47% and a negative net margin of 24.19%.The business's quarterly revenue was down 12.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.25) earnings per share.

Genesis Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Thursday, July 31st. Genesis Energy's dividend payout ratio (DPR) is presently -12.99%.

Institutional Trading of Genesis Energy

A number of large investors have recently modified their holdings of GEL. Geneos Wealth Management Inc. acquired a new stake in shares of Genesis Energy in the 2nd quarter worth about $49,000. Jones Financial Companies Lllp acquired a new position in shares of Genesis Energy in the first quarter worth about $108,000. Ameriprise Financial Inc. acquired a new position in shares of Genesis Energy in the fourth quarter worth about $126,000. Osaic Holdings Inc. boosted its holdings in shares of Genesis Energy by 91.4% in the second quarter. Osaic Holdings Inc. now owns 7,706 shares of the pipeline company's stock worth $133,000 after buying an additional 3,680 shares during the period. Finally, Cetera Investment Advisers acquired a new position in shares of Genesis Energy in the first quarter worth about $193,000. Institutional investors and hedge funds 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.