Shares of Genesis Energy, L.P. (NYSE:GEL) saw strong trading volume on Friday . 1,263,872 shares traded hands during mid-day trading, an increase of 98% from the previous session’s volume of 638,768 shares.The stock last traded at $22.62 and had previously closed at $22.56.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Genesis Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, January 4th. ValuEngine downgraded Genesis Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, December 25th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $27.75.

The company has a quick ratio of 1.11, a current ratio of 1.33 and a debt-to-equity ratio of 2.04. The company has a market capitalization of $2.77 billion, a P/E ratio of -282.75 and a beta of 1.43.

Genesis Energy (NYSE:GEL) last issued its earnings results on Wednesday, February 20th. The pipeline company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.06. Genesis Energy had a positive return on equity of 5.16% and a negative net margin of 0.21%. The company had revenue of $689.30 million during the quarter, compared to the consensus estimate of $737.40 million. During the same period in the previous year, the company posted ($0.01) EPS. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, equities analysts expect that Genesis Energy, L.P. will post 0.95 EPS for the current year.

In other Genesis Energy news, VP Chad Anthony Landry bought 10,000 shares of Genesis Energy stock in a transaction dated Tuesday, December 18th. The stock was bought at an average cost of $19.75 per share, for a total transaction of $197,500.00. Following the purchase, the vice president now owns 20,000 shares of the company’s stock, valued at approximately $395,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.72% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. MAI Capital Management boosted its stake in shares of Genesis Energy by 15.1% during the 4th quarter. MAI Capital Management now owns 215,924 shares of the pipeline company’s stock worth $3,988,000 after acquiring an additional 28,350 shares during the period. Virtus Alternative Investment Advisers Inc. acquired a new stake in Genesis Energy during the 3rd quarter worth approximately $6,777,000. Neuberger Berman Group LLC lifted its holdings in Genesis Energy by 1.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 822,630 shares of the pipeline company’s stock worth $19,562,000 after purchasing an additional 13,600 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Genesis Energy by 2.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 284,426 shares of the pipeline company’s stock worth $5,253,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Virtus ETF Advisers LLC acquired a new stake in Genesis Energy during the 3rd quarter worth approximately $16,591,000. Institutional investors own 75.58% of the company’s stock.

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Genesis Energy Company Profile (NYSE:GEL)

Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company's Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations; and in the deep-water pipeline servicing in the southern Keathley Canyon area of the Gulf of Mexico.

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