Genesis Energy (NYSE:GEL) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Genesis Energy, L.P. (NYSE:GEL) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.47 and traded as high as $18.12. Genesis Energy shares last traded at $17.8560, with a volume of 302,166 shares traded.

Analyst Ratings Changes

A number of research firms have recently weighed in on GEL. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $20.00 price target on shares of Genesis Energy in a report on Tuesday, December 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Genesis Energy in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.50.

Genesis Energy Trading Up 0.6%

The stock has a market capitalization of $2.19 billion, a P/E ratio of -4.26 and a beta of 0.80. The business has a 50 day simple moving average of $17.57 and a 200-day simple moving average of $16.47. The company has a debt-to-equity ratio of 19.59, a quick ratio of 0.90 and a current ratio of 0.98.

Genesis Energy (NYSE:GEL) last announced its quarterly earnings data on Thursday, February 12th. The pipeline company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.24). The firm had revenue of $440.76 million during the quarter. Genesis Energy had a negative net margin of 27.01% and a negative return on equity of 10.04%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the business posted ($0.58) EPS.

Genesis Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a dividend of $0.18 per share. This is a positive change from Genesis Energy’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, January 30th. This represents a $0.72 annualized dividend and a dividend yield of 4.0%. Genesis Energy’s payout ratio is -17.18%.

Institutional Trading of Genesis Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fulcrum Asset Management LLP bought a new position in shares of Genesis Energy in the third quarter valued at $26,000. Maryland State Retirement & Pension System lifted its position in shares of Genesis Energy by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 104,917 shares of the pipeline company’s stock valued at $1,637,000 after acquiring an additional 1,647 shares during the last quarter. CWM LLC boosted its stake in shares of Genesis Energy by 126.5% during the 3rd quarter. CWM LLC now owns 3,106 shares of the pipeline company’s stock worth $52,000 after acquiring an additional 1,735 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Genesis Energy by 22.4% during the 3rd quarter. SG Americas Securities LLC now owns 9,546 shares of the pipeline company’s stock worth $160,000 after acquiring an additional 1,745 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Genesis Energy in the 3rd quarter worth $30,000. 66.82% of the stock is currently owned by institutional investors.

Genesis Energy Company Profile

Genesis Energy LP (NYSE: GEL) is a publicly traded master limited partnership headquartered in Houston, Texas, that owns and operates a diversified portfolio of energy infrastructure assets in the United States. The company’s primary focus is on the transportation, storage and delivery of refined petroleum products, serving major domestic markets across the Gulf Coast, Atlantic Seaboard and inland waterway systems.

Genesis Energy’s operations are organized into several key business segments.