Genesis Energy (NYSE:GEL) Sets New 12-Month High – Should You Buy?

Genesis Energy, L.P. (NYSE:GEL)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $15.18 and last traded at $15.00, with a volume of 1332879 shares trading hands. The stock had previously closed at $14.36.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Royal Bank of Canada lifted their price target on Genesis Energy from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Monday. Wells Fargo & Company upgraded Genesis Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $15.00 to $18.00 in a research note on Monday.

Genesis Energy Trading Up 4.4 %

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 company has a market capitalization of $1.84 billion, a price-to-earnings ratio of -12.09 and a beta of 1.92. The company has a fifty day moving average of $11.63 and a 200-day moving average of $11.88.

Genesis Energy (NYSE:GEL) last posted its quarterly earnings data on Thursday, February 13th. The pipeline company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.53). Genesis Energy had a negative return on equity of 7.71% and a negative net margin of 2.16%. The firm had revenue of $725.55 million during the quarter.

Genesis Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 4.40%. The ex-dividend date was Friday, January 31st. Genesis Energy’s dividend payout ratio is currently -53.23%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GEL. ING Groep NV lifted its holdings in Genesis Energy by 12.1% in the fourth quarter. ING Groep NV now owns 855,000 shares of the pipeline company’s stock valued at $8,644,000 after acquiring an additional 92,300 shares during the last quarter. BBR Partners LLC acquired a new position in Genesis Energy in the third quarter valued at approximately $648,000. Manning & Napier Advisors LLC lifted its holdings in Genesis Energy by 40.0% in the fourth quarter. Manning & Napier Advisors LLC now owns 350,000 shares of the pipeline company’s stock valued at $3,538,000 after acquiring an additional 100,000 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in Genesis Energy in the fourth quarter valued at approximately $920,000. Finally, Stifel Financial Corp lifted its holdings in 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 acquiring an additional 1,819 shares during the last quarter. 66.82% of the stock is currently owned by institutional investors and hedge funds.

About Genesis Energy

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.