Genesis Energy, L.P. (NYSE:GEL) was upgraded by investment analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday. The brokerage currently has a $37.00 price target on the pipeline company’s stock, up from their prior price target of $35.00. Robert W. Baird’s price target points to a potential upside of 30.14% from the company’s current price.

Several other equities research analysts have also weighed in on the company. Zacks Investment Research downgraded Genesis Energy, L.P. from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 1st. Barclays PLC downgraded Genesis Energy, L.P. from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $33.00 to $31.00 in a report on Tuesday, July 18th. BidaskClub downgraded Genesis Energy, L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Credit Suisse Group raised Genesis Energy, L.P. from a “neutral” rating to an “outperform” rating in a report on Monday, May 15th. Finally, UBS AG reissued a “buy” rating and issued a $41.00 target price (down from $43.00) on shares of Genesis Energy, L.P. in a report on Friday, May 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $37.55.

Shares of Genesis Energy, L.P. (NYSE:GEL) opened at 28.43 on Monday. The company has a market capitalization of $3.48 billion, a P/E ratio of 31.28 and a beta of 1.20. The firm has a 50-day moving average price of $30.49 and a 200 day moving average price of $32.36. Genesis Energy, L.P. has a 12-month low of $28.16 and a 12-month high of $38.36.

Genesis Energy, L.P. (NYSE:GEL) last issued its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.05. Genesis Energy, L.P. had a return on equity of 5.32% and a net margin of 6.73%. The firm had revenue of $406.72 million for the quarter, compared to analyst estimates of $503.22 million. On average, equities research analysts predict that Genesis Energy, L.P. will post $1.11 earnings per share for the current year.

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In other news, CFO Robert V. Deere purchased 34,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was bought at an average cost of $30.34 per share, with a total value of $1,031,560.00. Following the completion of the purchase, the chief financial officer now owns 783,935 shares in the company, valued at $23,784,587.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Large investors have recently modified their holdings of the stock. Cutter & CO Brokerage Inc. increased its stake in shares of Genesis Energy, L.P. by 1.3% in the first quarter. Cutter & CO Brokerage Inc. now owns 9,497 shares of the pipeline company’s stock worth $308,000 after buying an additional 123 shares during the period. Hodges Capital Management Inc. increased its stake in shares of Genesis Energy, L.P. by 1.9% in the second quarter. Hodges Capital Management Inc. now owns 10,500 shares of the pipeline company’s stock worth $333,000 after buying an additional 200 shares during the period. Blair William & Co. IL increased its stake in shares of Genesis Energy, L.P. by 0.3% in the first quarter. Blair William & Co. IL now owns 93,471 shares of the pipeline company’s stock worth $3,163,000 after buying an additional 260 shares during the period. LVW Advisors LLC increased its stake in shares of Genesis Energy, L.P. by 1.4% in the first quarter. LVW Advisors LLC now owns 21,491 shares of the pipeline company’s stock worth $697,000 after buying an additional 300 shares during the period. Finally, Diversified Trust Co increased its stake in shares of Genesis Energy, L.P. by 1.7% in the second quarter. Diversified Trust Co now owns 24,007 shares of the pipeline company’s stock worth $762,000 after buying an additional 393 shares during the period. Institutional investors and hedge funds own 73.99% of the company’s stock.

Genesis Energy, L.P. Company Profile

Genesis Energy L.P. is a limited partnership focused on the midstream segment of the oil and gas industry. The Company operates through four segments: Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of crude oil and natural gas in the Gulf of Mexico.

Analyst Recommendations for Genesis Energy, L.P. (NYSE:GEL)

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