Genesis Energy (NYSE:GEL) Trading 1.6% Higher

Genesis Energy, L.P. (NYSE:GEL)’s stock price rose 1.6% on Wednesday . The company traded as high as $11.54 and last traded at $11.51. Approximately 22,590 shares were traded during trading, a decline of 94% from the average daily volume of 349,633 shares. The stock had previously closed at $11.33.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Genesis Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th.

Genesis Energy Stock Up 3.7 %

The firm has a 50 day moving average of $11.26 and a 200 day moving average of $11.42. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 54.50 and a beta of 2.04. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 4.18.

Genesis Energy (NYSE:GEL) last posted its earnings results on Thursday, February 15th. The pipeline company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.31). The company 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 quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 EPS.

Institutional Trading of Genesis Energy

A number of hedge funds have recently bought and sold shares of the business. Barclays PLC increased its position in Genesis Energy by 245.1% in the fourth quarter. Barclays PLC now owns 2,157 shares of the pipeline company’s stock worth $25,000 after buying an additional 1,532 shares during the last quarter. State of Wyoming purchased a new stake in Genesis Energy in the second quarter worth $27,000. International Assets Investment Management LLC purchased a new stake in Genesis Energy in the fourth quarter worth $46,000. Indiana Trust & Investment Management CO purchased a new stake in Genesis Energy in the third quarter worth $46,000. Finally, Mather Group LLC. purchased a new stake in Genesis Energy in the first quarter worth $55,000. 66.82% of the stock is currently owned by institutional investors.

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.