Genesis Energy (NYSE:GEL) Upgraded at Capital One Financial

Genesis Energy (NYSE:GEL - Get Free Report) was upgraded by equities researchers at Capital One Financial from an "equal weight" rating to an "overweight" rating in a research report issued to clients and investors on Friday, Marketbeat.com reports.

Other equities analysts have also recently issued research reports about the stock. StockNews.com cut shares of Genesis Energy from a "hold" rating to a "sell" rating in a research report on Monday, August 5th. Royal Bank of Canada increased their price objective on Genesis Energy from $15.00 to $16.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th.

Genesis Energy Stock Down 2.5 %

Genesis Energy stock traded down $0.28 during mid-day trading on Friday, reaching $11.03. The stock had a trading volume of 1,228,680 shares, compared to its average volume of 372,127. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.96 and a current ratio of 1.09. Genesis Energy has a fifty-two week low of $10.01 and a fifty-two week high of $15.17. The stock's 50-day simple moving average is $13.21 and its 200-day simple moving average is $13.25. The firm has a market capitalization of $1.35 billion, a PE ratio of -84.84 and a beta of 2.10.

Genesis Energy (NYSE:GEL - Get Free Report) last announced its quarterly 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). Genesis Energy had a net margin of 2.34% and a return on equity of 8.26%. The business had revenue of $714.30 million for the quarter. During the same period in the previous year, the business earned $0.29 EPS.

Insiders Place Their Bets

In other news, VP Garland G. Gaspard bought 2,261 shares of the company's stock in a transaction on Tuesday, August 6th. The shares were purchased at an average price of $13.27 per share, with a total value of $30,003.47. Following the transaction, the vice president now directly owns 19,525 shares in the company, valued at $259,096.75. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Genesis Energy

Institutional investors have recently added to or reduced their stakes in the stock. Chickasaw Capital Management LLC lifted its stake in Genesis Energy by 6.5% in the second quarter. Chickasaw Capital Management LLC now owns 4,291,499 shares of the pipeline company's stock valued at $61,411,000 after purchasing an additional 262,784 shares during the last quarter. Creative Planning boosted its holdings in shares of Genesis Energy by 1.9% in the third quarter. Creative Planning now owns 3,105,454 shares of the pipeline company's stock worth $41,520,000 after acquiring an additional 59,263 shares during the period. Advisors Asset Management Inc. boosted its stake in Genesis Energy by 19.9% in the 1st quarter. Advisors Asset Management Inc. now owns 208,150 shares of the pipeline company's stock worth $2,315,000 after purchasing an additional 34,614 shares during the period. ELCO Management Co. LLC grew its holdings in Genesis Energy by 10.7% during the 2nd quarter. ELCO Management Co. LLC now owns 188,304 shares of the pipeline company's stock valued at $2,695,000 after buying an additional 18,170 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Genesis Energy by 1.0% during the third quarter. Exchange Traded Concepts LLC now owns 132,904 shares of the pipeline company's stock valued at $1,777,000 after buying an additional 1,286 shares during the period. 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.