$0.16 EPS Expected for Genesis Energy, L.P. (GEL)

October 8, 2017 - By Max Morgan

 $0.16 EPS Expected for Genesis Energy, L.P. (GEL)
Investors sentiment decreased to 1.18 in Q2 2017. Its down 0.25, from 1.43 in 2017Q1. It dropped, as 18 investors sold Genesis Energy, L.P. shares while 39 reduced holdings. 18 funds opened positions while 49 raised stakes. 89.51 million shares or 1.56% more from 88.13 million shares in 2017Q1 were reported.
Glenmede Comm Na holds 118,576 shares. Pnc Financial Group, a Pennsylvania-based fund reported 109,391 shares. Diversified Tru reported 0.06% of its portfolio in Genesis Energy, L.P. (NYSE:GEL). Virtu Financial Ltd Liability Company owns 55,025 shares or 0.24% of their US portfolio. 4.98 million were accumulated by Salient Capital Advsrs Ltd Liability. Moreover, Pinnacle Llc has 0% invested in Genesis Energy, L.P. (NYSE:GEL). Groesbeck Invest Mngmt Corporation Nj stated it has 0.39% in Genesis Energy, L.P. (NYSE:GEL). Moreover, Solaris Asset Mgmt Limited Liability Corp has 0.05% invested in Genesis Energy, L.P. (NYSE:GEL) for 2,405 shares. Wells Fargo Company Mn holds 287,789 shares or 0% of its portfolio. Tru Department Mb Natl Bank N A has 0% invested in Genesis Energy, L.P. (NYSE:GEL). Geneva Advisors Limited Liability holds 0.04% or 79,185 shares. Pathstone Family Office Limited Liability reported 0.03% stake. Captrust has invested 0% in Genesis Energy, L.P. (NYSE:GEL). Signaturefd Lc reported 26,300 shares. Novare Cap Mgmt Limited Company invested 0.41% of its portfolio in Genesis Energy, L.P. (NYSE:GEL).

Since June 13, 2017, it had 1 buy, and 0 selling transactions for $1.03 million activity.

Investors wait Genesis Energy, L.P. (NYSE:GEL) to report on November, 2. its quarterly earnings Wall Street analysts expect $0.16 EPS, down $0.12 or 42.86 % from last year’s $0.28 same quarter earnings. This translates into $19.67M profit for GEL giving the stock a 41.31 P/E. This is assuming the current $0.16 EPS is accurate. Genesis Energy, L.P.’s Wall Street analysts see -42.86 % negative EPS growth, taking into account the $0.28 EPS reproted in the previous quarter, The stock increased 0.19% or $0.05 on October 6, reaching $26.44. About 226,070 shares traded. Genesis Energy, L.P. (NYSE:GEL) has declined 14.17% since October 8, 2016 and is downtrending. It has underperformed by 30.87% the S&P500.

Genesis Energy, L.P. (NYSE:GEL) Ratings Coverage

Among 14 analysts covering Genesis Energy LP (NYSE:GEL), 9 have Buy rating, 1 Sell and 4 Hold. Therefore 64% are positive. Genesis Energy LP had 31 analyst reports since July 21, 2015 according to SRatingsIntel. Citigroup maintained Genesis Energy, L.P. (NYSE:GEL) rating on Thursday, August 4. Citigroup has “Buy” rating and $43 target. Barclays Capital maintained Genesis Energy, L.P. (NYSE:GEL) on Wednesday, August 10 with “Equal-Weight” rating. The rating was upgraded by Wells Fargo on Monday, July 18 to “Outperform”. Robert W. Baird maintained the stock with “Neutral” rating in Thursday, July 13 report. The firm has “Equal Weight” rating by CapitalOne given on Monday, October 17. The firm earned “Outperform” rating on Monday, August 7 by Robert W. Baird. Cowen & Co initiated the shares of GEL in report on Friday, September 25 with “Buy” rating. The rating was downgraded by Wells Fargo to “Market Perform” on Wednesday, January 11. The stock of Genesis Energy, L.P. (NYSE:GEL) has “Hold” rating given on Monday, September 25 by RBC Capital Markets. The firm has “Outperform” rating given on Monday, May 8 by Credit Suisse.

Genesis Energy L.P. is a limited partnership focused on the midstream segment of the gas and oil industry. The company has market cap of $3.25 billion. The Firm operates through four divisions: Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. It has a 27.29 P/E ratio. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of natural gas and crude oil in the Gulf of Mexico.

More important recent Genesis Energy, L.P. (NYSE:GEL) news were published by: Reuters.com which released: “Genesis Energy to buy Tronox’s alkali business for $1.3 billion” on August 03, 2017, also Nasdaq.com published article titled: “Genesis Energy, LP (GEL) Ex-Dividend Date Scheduled for April 26, 2017”, Nasdaq.com published: “Genesis Energy, LP (GEL) Ex-Dividend Date Scheduled for July 27, 2017” on July 26, 2017. More interesting news about Genesis Energy, L.P. (NYSE:GEL) was released by: Businesswire.com and their article: “Genesis Energy, LP to Present at the 2017 Deutsche Bank Leveraged Finance …” with publication date: October 03, 2017.

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