Genesis Energy (NYSE:GEL) Reaches New 12-Month Low - Should You Sell?

Genesis Energy, L.P. (NYSE:GEL - Get Free Report) shares hit a new 52-week low on Thursday . The company 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.

Analyst Upgrades and Downgrades

GEL has been the subject of a number of recent analyst reports. Capital One Financial upgraded shares of Genesis Energy from an "equal weight" rating to an "overweight" rating in a research note on Friday, November 1st. Royal Bank of Canada raised their target price on shares of Genesis Energy from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th.

Genesis Energy Price Performance

The business has a fifty day moving average of $11.87 and a two-hundred day moving average of $12.96. The company has a debt-to-equity ratio of 5.13, a quick ratio of 0.91 and a current ratio of 1.03. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -13.41 and a beta of 2.12.

Genesis Energy (NYSE:GEL - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The pipeline company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.22). The company had revenue of $714.30 million during the quarter. Genesis Energy had a negative net margin of 0.09% and a negative return on equity of 0.31%. During the same quarter in the prior year, the company posted $0.29 EPS.

Genesis Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from Genesis Energy's previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 6.65%. Genesis Energy's dividend payout ratio (DPR) is -89.19%.

Institutional Trading of Genesis Energy

Hedge funds have recently added to or reduced their stakes in the company. Creative Planning bought a new position in Genesis Energy during the 2nd quarter worth $43,591,000. ING Groep NV grew its stake in shares of Genesis Energy by 15.1% in the third quarter. ING Groep NV now owns 762,700 shares of the pipeline company's stock valued at $10,197,000 after acquiring an additional 100,000 shares in the last quarter. Murchinson Ltd. bought a new position in Genesis Energy during the third quarter worth about $1,005,000. Pekin Hardy Strauss Inc. acquired a new stake in Genesis Energy in the 2nd quarter worth about $1,013,000. Finally, BBR Partners LLC bought a new stake in Genesis Energy in the 3rd quarter valued at about $648,000. 66.82% of the stock is owned by institutional investors and hedge funds.

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.