Genesis Energy (NYSE:GEL) Downgraded by Wall Street Zen to "Sell"

Key Points

• The stock rating for Genesis Energy has been downgraded from "hold" to "sell" by Wall Street Zen.
• Despite the downgrade, other analysts such as Royal Bank of Canada and Wells Fargo raised their price targets, suggesting a still positive outlook for the stock.
• Genesis Energy reported a loss of ($0.12) earnings per share, missing expectations, and experienced a revenue decline of 12.3% year-over-year.

Wall Street Zen downgraded shares of Genesis Energy (NYSE:GEL - Free Report) from a hold rating to a sell rating in a report published on Saturday.

GEL has been the topic of a number of other research reports. Wells Fargo & Company lifted their price target on shares of Genesis Energy from $18.00 to $19.00 and gave the stock an "overweight" rating in a report on Friday. Royal Bank Of Canada lifted their price target on shares of Genesis Energy from $18.00 to $20.00 and gave the stock an "outperform" rating in a report on Friday.

Genesis Energy Stock Down 0.5%

NYSE:GEL traded down $0.09 on Friday, hitting $16.96. The stock had a trading volume of 231,125 shares, compared to its average volume of 590,472. The business's fifty day moving average is $16.70 and its 200 day moving average is $14.50. The company has a market cap of $2.08 billion, a PE ratio of -3.34 and a beta of 1.09. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 18.85. Genesis Energy has a 52 week low of $9.86 and a 52 week high of $17.77.

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

Genesis Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st will be issued a $0.165 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $0.66 annualized dividend and a dividend yield of 3.9%. Genesis Energy's dividend payout ratio is presently -12.99%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in Genesis Energy in the first quarter worth $108,000. F M Investments LLC bought a new position in shares of Genesis Energy during the fourth quarter valued at about $122,000. Cetera Investment Advisers bought a new position in shares of Genesis Energy during the first quarter valued at about $193,000. Ameriprise Financial Inc. bought a new position in shares of Genesis Energy during the fourth quarter valued at about $126,000. Finally, Arrow Investment Advisors LLC raised its stake in shares of Genesis Energy by 21.1% during 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. Institutional investors 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.