The stock of Genesis Energy, L.P. (NYSE:GEL) is a huge mover today! About 299,806 shares traded hands. Genesis Energy, L.P. (NYSE:GEL) has risen 1.15% since April 27, 2016 and is uptrending. It has underperformed by 4.08% the S&P500.
The move comes after 7 months positive chart setup for the $4.15 billion company. It was reported on Nov, 30 by Barchart.com. We have $37.30 PT which if reached, will make NYSE:GEL worth $207.50 million more.
Analysts await Genesis Energy, L.P. (NYSE:GEL) to report earnings on February, 16. They expect $0.33 EPS, up 57.14% or $0.12 from last year’s $0.21 per share. GEL’s profit will be $38.56M for 26.91 P/E if the $0.33 EPS becomes a reality. After $0.28 actual EPS reported by Genesis Energy, L.P. for the previous quarter, Wall Street now forecasts 17.86% EPS growth.
Genesis Energy, L.P. (NYSE:GEL) Ratings Coverage
Out of 12 analysts covering Genesis Energy LP (NYSE:GEL), 10 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 83% are positive. Genesis Energy LP has been the topic of 20 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Cowen & Co given on Friday, September 25. The stock has “Outperform” rating given by RBC Capital Markets on Friday, February 19. The firm has “Buy” rating by Citigroup given on Thursday, August 4. The firm has “Neutral” rating given on Friday, November 4 by Credit Suisse. As per Wednesday, August 10, the company rating was maintained by Barclays Capital. The stock of Genesis Energy, L.P. (NYSE:GEL) has “Equal Weight” rating given on Monday, October 17 by CapitalOne. The firm earned “Buy” rating on Thursday, October 22 by Janney Capital. Wells Fargo downgraded the stock to “Market Perform” rating in Friday, January 15 report. CapitalOne upgraded the stock to “Overweight” rating in Monday, November 14 report. On Monday, January 18 the stock rating was downgraded by Wells Fargo to “Market Perform”.
According to Zacks Investment Research, “Genesis Energy operates crude oil common carrier pipelines and is an independent gatherer and marketer of crude oil in North America, with operations concentrated in Texas, Louisiana, Alabama, Florida, Mississippi and New Mexico.”
Insitutional Activity: The institutional sentiment increased to 1.81 in 2016 Q2. Its up 0.86, from 0.95 in 2016Q1. The ratio increased, as 20 funds sold all Genesis Energy, L.P. shares owned while 58 reduced positions. 24 funds bought stakes while 50 increased positions. They now own 75.18 million shares or 3.05% less from 77.55 million shares in 2016Q1.
Signaturefd Lc accumulated 0.15% or 26,200 shares. Family Mgmt holds 50,384 shares or 1.09% of its portfolio. Moreover, Salient Tru Lta has 0.07% invested in Genesis Energy, L.P. (NYSE:GEL) for 16,446 shares. Moreover, Tci Wealth Advsr Inc has 0.01% invested in Genesis Energy, L.P. (NYSE:GEL) for 600 shares. Cohen & Steers Inc owns 375,970 shares or 0.04% of their US portfolio. Raymond James has invested 0.08% of its portfolio in Genesis Energy, L.P. (NYSE:GEL). Argent has 359,325 shares for 4.29% of their US portfolio. Riverpoint Cap Mngmt Ltd Liability Corp holds 33,850 shares or 0.12% of its portfolio. Jane Street Group Ltd Company last reported 7,946 shares in the company. The Illinois-based Blair William Il has invested 0.03% in Genesis Energy, L.P. (NYSE:GEL). The Pennsylvania-based Glenmede Communication Na has invested 0.02% in Genesis Energy, L.P. (NYSE:GEL). Usca Ria Ltd Liability Corporation holds 0.05% or 8,310 shares in its portfolio. Pnc Financial Svcs Grp Inc accumulated 0% or 91,734 shares. Capital Innovations Ltd Company accumulated 7,630 shares or 0.85% of the stock. Renaissance Technologies Ltd Liability Corporation accumulated 20,700 shares or 0% of the stock.
More important recent Genesis Energy, L.P. (NYSE:GEL) news were published by: Seekingalpha.com which released: “Genesis Energy, L.P.: More Room To Run? You Bet” on June 16, 2016, also Seekingalpha.com published article titled: “Genesis Energy, LP: No IDRs And A Steal-Of-A-Deal Mean Higher Distributions …”, Seekingalpha.com published: “Genesis Energy, L.P.’s (GEL) CEO Grant Sims on Q3 2016 Results – Earnings Call …” on November 03, 2016. More interesting news about Genesis Energy, L.P. (NYSE:GEL) was released by: Businesswire.com and their article: “Genesis Energy, L.P. Reports Third Quarter 2016 Results” with publication date: November 03, 2016.
GEL Company Profile
Genesis Energy, L.P., incorporated on September 5, 1996, is a limited partnership focused on the midstream segment of the gas and oil industry in the Gulf Coast region of the United States, principally Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida, Wyoming, and in the Gulf of Mexico. The Firm operates through five divisions: Offshore Pipeline Transportation, Onshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of natural gas and crude oil in the Gulf of Mexico. The Onshore Pipeline Transportation segment is engaged in the transportation of crude oil and carbon dioxide (CO2). The Refinery Services segment is involved in the processing of high sulfur (or sour) gas streams as part of refining activities to remove the sulfur and selling the related by-product, sodium hydrosulfide (NaHS). The Marine Transportation segment provides waterborne transportation of petroleum products and crude oil throughout North America. The Supply and Logistics segment is engaged in terminaling, blending, storing, marketing, and transporting crude oil and petroleum products (fuel oil, asphalt and other heavy refined products) and CO2.
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