Somewhat Favorable News Coverage Somewhat Unlikely to Impact Genesis Energy (GEL) Stock Price
Headlines about Genesis Energy (NYSE:GEL) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Genesis Energy earned a news impact score of 0.09 on Accern’s scale. Accern also gave press coverage about the pipeline company an impact score of 45.569172451666 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Genesis Energy (NYSE GEL) opened at $23.82 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.62 and a debt-to-equity ratio of 1.80. Genesis Energy has a one year low of $20.43 and a one year high of $37.88. The company has a market capitalization of $2,920.00, a P/E ratio of 34.03 and a beta of 1.15.
A number of equities research analysts have weighed in on the company. Royal Bank of Canada reiterated a “hold” rating and issued a $34.00 target price on shares of Genesis Energy in a report on Wednesday, September 27th. Robert W. Baird set a $29.00 target price on Genesis Energy and gave the stock a “buy” rating in a report on Friday, October 13th. Janney Montgomery Scott set a $30.00 target price on Genesis Energy and gave the stock a “buy” rating in a report on Friday, October 13th. Barclays upgraded Genesis Energy from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $31.00 to $27.00 in a report on Friday, October 13th. Finally, UBS Group lowered their target price on Genesis Energy from $41.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $33.45.
In other news, Director Sharilyn S. Gasaway acquired 10,000 shares of Genesis Energy stock in a transaction on Wednesday, November 8th. The stock was purchased at an average price of $23.09 per share, with a total value of $230,900.00. Following the completion of the purchase, the director now owns 278,364 shares of the company’s stock, valued at approximately $6,427,424.76. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Ryan S. Sims bought 4,300 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were bought at an average cost of $23.25 per share, for a total transaction of $99,975.00. Following the transaction, the vice president now owns 4,300 shares of the company’s stock, valued at $99,975. The disclosure for this purchase can be found here. Insiders acquired 257,775 shares of company stock valued at $5,659,913 in the last three months. Insiders own 0.72% of the company’s stock.
Genesis Energy Company Profile
Genesis Energy L.P. is a limited partnership focused on the midstream segment of the oil and gas industry. The Company operates through four segments: Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of crude oil and natural gas in the Gulf of Mexico.
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