Genesis Energy (NYSE:GEL) Sees Strong Trading Volume – Should You Buy?

Genesis Energy, L.P. (NYSE:GEL) shares saw unusually-high trading volume on Monday . Approximately 869,023 shares were traded during mid-day trading, an increase of 213% from the previous session’s volume of 277,849 shares.The stock last traded at $14.6060 and had previously closed at $15.13.

Wall Street Analysts Forecast Growth

GEL has been the topic of a number of research reports. Weiss Ratings upgraded shares of Genesis Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Wells Fargo & Company cut their price objective on shares of Genesis Energy from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Genesis Energy Trading Down 5.0%

The company has a debt-to-equity ratio of 25.62, a current ratio of 0.98 and a quick ratio of 0.92. The firm has a market capitalization of $1.76 billion, a PE ratio of -75.68 and a beta of 0.63. The company’s fifty day simple moving average is $16.45 and its 200-day simple moving average is $16.68.

Genesis Energy (NYSE:GEL) last issued its earnings results on Thursday, May 7th. The pipeline company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.22). The business had revenue of $446.56 million during the quarter, compared to analyst estimates of $446.56 million. Genesis Energy had a net margin of 2.11% and a return on equity of 23.65%. Genesis Energy’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned ($4.06) earnings per share.

Genesis Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Thursday, April 30th. Genesis Energy’s dividend payout ratio is -378.95%.

Insider Activity at Genesis Energy

In other Genesis Energy news, SVP Garland G. Gaspard bought 12,340 shares of Genesis Energy stock in a transaction dated Monday, May 18th. The stock was acquired at an average cost of $16.34 per share, for a total transaction of $201,635.60. Following the completion of the transaction, the senior vice president directly owned 36,881 shares of the company’s stock, valued at approximately $602,635.54. This represents a 50.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On Genesis Energy

Institutional investors have recently added to or reduced their stakes in the stock. Fulcrum Asset Management LLP purchased a new position in Genesis Energy during the third quarter worth approximately $26,000. Kestra Advisory Services LLC purchased a new position in Genesis Energy during the fourth quarter worth approximately $30,000. Geneos Wealth Management Inc. purchased a new position in Genesis Energy during the second quarter worth approximately $49,000. Jones Financial Companies Lllp purchased a new position in Genesis Energy during the first quarter worth approximately $108,000. Finally, Osaic Holdings Inc. lifted its position in Genesis Energy by 91.4% during the second quarter. Osaic Holdings Inc. now owns 7,706 shares of the pipeline company’s stock worth $133,000 after buying an additional 3,680 shares in the last quarter. Hedge funds and other institutional investors own 66.82% of the company’s stock.

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.