Genesis Energy, L.P. (NYSE:GEL - Get Free Report)'s share price traded up 1.6% during trading on Wednesday . The company traded as high as $11.54 and last traded at $11.51. 22,590 shares were traded during trading, a decline of 94% from the average session volume of 349,633 shares. The stock had previously closed at $11.33.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Genesis Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, January 9th.
Read Our Latest Stock Analysis on GEL
Genesis Energy Price Performance
The company's 50-day moving average price is $11.26 and its 200-day moving average price is $11.42. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 4.18. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 52.55 and a beta of 2.04.
Genesis Energy (NYSE:GEL - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The pipeline company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.31). The business had revenue of $774.10 million during the quarter. Genesis Energy had a net margin of 3.71% and a return on equity of 13.34%. The firm's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 earnings per share.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in GEL. Barclays PLC raised its position in shares of Genesis Energy by 245.1% during the 4th quarter. Barclays PLC now owns 2,157 shares of the pipeline company's stock worth $25,000 after acquiring an additional 1,532 shares in the last quarter. State of Wyoming acquired a new position in shares of Genesis Energy in the 2nd quarter valued at $27,000. International Assets Investment Management LLC purchased a new position in shares of Genesis Energy in the 4th quarter valued at $46,000. Indiana Trust & Investment Management CO acquired a new stake in shares of Genesis Energy during the third quarter worth about $46,000. Finally, Mather Group LLC. acquired a new position in Genesis Energy during the first quarter worth approximately $55,000. Hedge funds and other institutional investors own 66.82% of the company's stock.
Genesis Energy Company Profile
(
Get Free Report)
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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