Genesis Energy (NYSE:GEL) Sets New 12-Month Low – Time to Sell?

Genesis Energy, L.P. (NYSE:GEL)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $9.92 and last traded at $9.92, with a volume of 395200 shares traded. The stock had previously closed at $10.13.

Analysts Set New Price Targets

Several research firms recently weighed in on GEL. Capital One Financial upgraded shares of Genesis Energy from an “equal weight” rating to an “overweight” rating in a report on Friday, November 1st. Royal Bank of Canada upped their target price on Genesis Energy from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th.

Genesis Energy Trading Down 2.1 %

The stock has a market cap of $1.21 billion, a PE ratio of -13.41 and a beta of 2.12. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 5.13. The firm has a fifty day simple moving average of $11.93 and a two-hundred day simple moving average of $12.98.

Genesis Energy (NYSE:GEL) last issued its earnings results on Thursday, October 31st. The pipeline company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.22). The business had revenue of $714.30 million during the quarter. Genesis Energy had a negative return on equity of 0.31% and a negative net margin of 0.09%. During the same quarter in the previous year, the firm posted $0.29 EPS.

Genesis Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were paid a $0.165 dividend. This is a boost from Genesis Energy’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 6.65%. The ex-dividend date was Thursday, October 31st. Genesis Energy’s dividend payout ratio is currently -89.19%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GEL. Millburn Ridgefield Corp bought a new stake in Genesis Energy during the 3rd quarter valued at $59,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Genesis Energy during the 3rd quarter worth approximately $139,000. Stifel Financial Corp raised its position in shares of Genesis Energy by 10.8% in the third quarter. Stifel Financial Corp now owns 18,722 shares of the pipeline company’s stock valued at $250,000 after buying an additional 1,819 shares during the last quarter. Van ECK Associates Corp boosted its stake in Genesis Energy by 17.4% during the second quarter. Van ECK Associates Corp now owns 20,777 shares of the pipeline company’s stock worth $297,000 after buying an additional 3,073 shares during the last quarter. Finally, Axiom Advisory LLC increased its holdings in shares of Genesis Energy by 2.8% during the 3rd quarter. Axiom Advisory LLC now owns 29,382 shares of the pipeline company’s stock worth $400,000 after buying an additional 794 shares during the last quarter. Institutional investors own 66.82% of the company’s stock.

Genesis Energy Company Profile

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.