Genesis Energy (NYSE:GEL) Upgraded to "Hold" at Wall Street Zen

Genesis Energy (NYSE:GEL - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

GEL has been the subject of several other research reports. Royal Bank Of Canada increased their price objective on Genesis Energy from $14.00 to $15.00 and gave the company an "outperform" rating in a report on Monday, March 17th. Wells Fargo & Company raised shares of Genesis Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $15.00 to $18.00 in a research report on Monday, March 17th.

Genesis Energy Stock Up 0.9%

Shares of GEL stock opened at $17.47 on Friday. The firm's fifty day moving average price is $15.84 and its two-hundred day moving average price is $13.50. The company has a current ratio of 1.48, a quick ratio of 1.42 and a debt-to-equity ratio of 18.33. Genesis Energy has a 1 year low of $9.86 and a 1 year high of $17.50. The firm has a market capitalization of $2.14 billion, a P/E ratio of -3.35 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) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.37). Genesis Energy had a negative return on equity of 19.28% and a negative net margin of 20.98%. The company had revenue of $398.31 million for the quarter. During the same quarter in the previous year, the firm earned ($0.09) EPS. The business's quarterly revenue was down 8.3% compared to the same quarter last year.

Institutional Investors Weigh In On Genesis Energy

Hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its holdings in shares of Genesis Energy by 13.3% in the first quarter. Goldman Sachs Group Inc. now owns 4,074,810 shares of the pipeline company's stock valued at $63,934,000 after purchasing an additional 478,530 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Genesis Energy during the 1st quarter worth about $108,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Genesis Energy by 28.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,603,020 shares of the pipeline company's stock valued at $87,911,000 after buying an additional 1,257,712 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Genesis Energy by 12.5% in the 1st quarter. Advisors Asset Management Inc. now owns 248,864 shares of the pipeline company's stock valued at $3,905,000 after acquiring an additional 27,673 shares during the period. Finally, Royal Bank of Canada lifted its position in Genesis Energy by 220.6% during the first quarter. Royal Bank of Canada now owns 177,686 shares of the pipeline company's stock worth $2,788,000 after acquiring an additional 122,271 shares during the last quarter. 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.

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