Genesis Energy (NYSE:GEL) Downgraded by StockNews.com

Genesis Energy (NYSE:GEL – Get Rating) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Wells Fargo & Company raised their target price on shares of Genesis Energy from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Thursday.

Genesis Energy Price Performance

GEL stock opened at $11.88 on Friday. Genesis Energy has a 52 week low of $7.61 and a 52 week high of $13.44. The company has a quick ratio of 0.98, a current ratio of 1.20 and a debt-to-equity ratio of 3.92. The company has a fifty day simple moving average of $11.03 and a two-hundred day simple moving average of $10.79. The firm has a market capitalization of $1.46 billion, a P/E ratio of -396.00 and a beta of 2.20.

Genesis Energy (NYSE:GEL – Get Rating) last released its earnings results on Wednesday, February 22nd. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $714.00 million during the quarter. Genesis Energy had a net margin of 2.71% and a return on equity of 8.56%. Genesis Energy’s revenue was up 22.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.71) EPS.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GEL. Morgan Stanley increased its stake in Genesis Energy by 35.7% in the 4th quarter. Morgan Stanley now owns 3,346,220 shares of the pipeline company’s stock worth $34,165,000 after buying an additional 879,674 shares during the period. Alps Advisors Inc. increased its position in Genesis Energy by 4.6% during the 4th quarter. Alps Advisors Inc. now owns 16,265,444 shares of the pipeline company’s stock valued at $166,070,000 after purchasing an additional 709,095 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Genesis Energy by 12.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,307,420 shares of the pipeline company’s stock worth $64,399,000 after buying an additional 690,432 shares during the last quarter. Natixis boosted its stake in Genesis Energy by 100.0% in the 4th quarter. Natixis now owns 1,331,400 shares of the pipeline company’s stock worth $13,594,000 after purchasing an additional 665,700 shares in the last quarter. Finally, Infrastructure Capital Advisors LLC lifted its stake in Genesis Energy by 1,168.9% during the 4th quarter. Infrastructure Capital Advisors LLC now owns 505,014 shares of the pipeline company’s stock valued at $5,156,000 after acquiring an additional 465,216 shares during the period. Hedge funds and other institutional investors own 70.04% of the company’s stock.

Genesis Energy Company Profile

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Genesis Energy LP engages in the provision of midstream services and produces natural soda ash. It operates through the following segments: Offshore Pipeline Transportation, Sodium Minerals and Sulfur Services, Onshore Facilities and Transportation, and Marine Transportation. The Offshore Pipeline Transportation segment owns interests in crude oil and natural gas pipeline transportation and handling operations through its offshore pipeline transportation segment.