Somewhat Positive Media Coverage Somewhat Unlikely to Affect Genesis Energy (GEL) Share Price
News articles about Genesis Energy (NYSE:GEL) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Genesis Energy earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the pipeline company an impact score of 45.8361299109968 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Zacks: Analysts Anticipate Genesis Energy, L.P. (GEL) Will Announce Quarterly Sales of $713.23 Million (americanbankingnews.com)
- Does This Provide a Reason to Sell Genesis Energy, LP (GEL)? The Stock Has Formed Bearish Double Bottom Pattern – Flаtlаnd Nеws (flatlandnews.com)
- Is There An Opportunity With Genesis Energy Limited’s (NZE:GNE) 31% Undervaluation? (finance.yahoo.com)
- Could Genesis Energy, LP (GEL) Recover After Forming a Double Bottom Pattern? – NMSU Hеrаld (nmsuherald.com)
- Does Genesis Energy SA.’s (WSE:GNR) Past Performance Indicate A Stronger Future? (finance.yahoo.com)
A number of research analysts have commented on the company. UBS Group restated a “buy” rating and set a $38.00 price target (down from $39.00) on shares of Genesis Energy in a research note on Friday, March 2nd. Robert W. Baird set a $27.00 price target on Genesis Energy and gave the stock a “buy” rating in a research note on Friday, February 16th. Zacks Investment Research cut Genesis Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. Finally, ValuEngine upgraded Genesis Energy from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Genesis Energy presently has a consensus rating of “Hold” and a consensus target price of $32.70.
Genesis Energy (NYSE:GEL) last announced its quarterly earnings data on Thursday, February 15th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $720.10 million during the quarter, compared to analyst estimates of $644.89 million. Genesis Energy had a net margin of 4.07% and a return on equity of 7.14%. The firm’s revenue was up 68.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 earnings per share. analysts anticipate that Genesis Energy will post 1.14 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st were paid a $0.51 dividend. This is a boost from Genesis Energy’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 9.88%. The ex-dividend date of this dividend was Tuesday, January 30th. Genesis Energy’s dividend payout ratio (DPR) is presently 443.48%.
In related news, Director Kenneth M. Jastrow II acquired 15,000 shares of Genesis Energy stock in a transaction dated Tuesday, December 19th. The shares were acquired at an average cost of $22.32 per share, for a total transaction of $334,800.00. Following the completion of the purchase, the director now owns 50,000 shares in the company, valued at $1,116,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Edward T. Flynn acquired 12,525 shares of Genesis Energy stock in a transaction dated Friday, March 2nd. The stock was bought at an average price of $19.96 per share, for a total transaction of $249,999.00. Following the completion of the purchase, the insider now owns 28,216 shares of the company’s stock, valued at approximately $563,191.36. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by company insiders.
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Genesis Energy 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.
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