StockNews.com Downgrades Genesis Energy (NYSE:GEL) to Sell

Genesis Energy (NYSE:GEL) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Genesis Energy Price Performance

NYSE GEL traded down $0.48 on Monday, hitting $12.88. The company had a trading volume of 885,257 shares, compared to its average volume of 371,358. The company has a market capitalization of $1.58 billion, a PE ratio of 37.87 and a beta of 2.11. The company’s fifty day moving average price is $13.71 and its 200-day moving average price is $12.43. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.05 and a quick ratio of 0.90. Genesis Energy has a 12-month low of $8.05 and a 12-month high of $15.17.

Genesis Energy (NYSE:GEL) last announced its quarterly earnings data on Thursday, August 1st. The pipeline company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.22). Genesis Energy had a net margin of 2.34% and a return on equity of 8.12%. The firm had revenue of $756.26 million during the quarter. During the same period in the prior year, the company earned $0.22 earnings per share.

Hedge Funds Weigh In On Genesis Energy

Several hedge funds and other institutional investors have recently bought and sold shares of GEL. UBS Group AG grew its stake in shares of Genesis Energy by 479.1% in the fourth quarter. UBS Group AG now owns 1,417,274 shares of the pipeline company’s stock worth $16,412,000 after purchasing an additional 1,172,536 shares in the last quarter. Wells Fargo & Company MN grew its stake in Genesis Energy by 24.5% in the fourth quarter. Wells Fargo & Company MN now owns 988,690 shares of the pipeline company’s stock valued at $11,449,000 after purchasing an additional 194,258 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Genesis Energy by 14.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,020,276 shares of the pipeline company’s stock valued at $67,126,000 after purchasing an additional 760,739 shares in the last quarter. Chickasaw Capital Management LLC lifted its position in shares of Genesis Energy by 4.6% in the first quarter. Chickasaw Capital Management LLC now owns 4,028,715 shares of the pipeline company’s stock worth $44,799,000 after buying an additional 175,981 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of Genesis Energy by 184.1% in the first quarter. GSA Capital Partners LLP now owns 120,932 shares of the pipeline company’s stock worth $1,345,000 after buying an additional 78,369 shares during the last quarter. 66.82% of the stock is 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.