Revenue Update on Genesis Energy L.P.(NYSE:GEL)

Genesis Energy L.P.(NYSE:GEL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $445.98M. Analysts estimated a revenue of $585.96M. Earnings per share were $0.22. Analysts had estimated an EPS of $0.38.

In a different note, On Jul 18, 2016, Wells Fargo said it Upgrades its rating on Genesis Energy L.P.. The shares have been rated ‘Outperform’ by the firm.

Genesis Energy L.P. (GEL) made into the market gainers list on Fridays trading session with the shares advancing 0.81% or 0.29 points. Due to strong positive momentum, the stock ended at $36.11, which is also near the day’s high of $37.14. The stock began the session at $36.03 and the volume stood at 4,64,774 shares. The 52-week high of the shares is $45.59 and the 52 week low is $19.5507. The company has a current market capitalization of $4,260 M and it has 11,79,79,218 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 29, 2016, Jack T Taylor (director) purchased 10,000 shares at $24.77 per share price.

Genesis Energy L.P. (Genesis) is a master limited partnership focused on the midstream segment of the oil and gas industry in the Gulf Coast region of the United States and the Gulf of Mexico. The Company operates through five segments: Onshore Pipeline Transportation Offshore Pipeline Transportation Refinery Services Marine Transportation and Supply and Logistics. The Onshore Pipeline Transportation segment is engaged in transporting crude oil and carbon dioxide. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of crude oil in the Gulf of Mexico. The Refinery Services segment provides services to refining operations primarily in Texas Louisiana Arkansas Oklahoma and Utah. The Marine Transportation segment provides waterborne transportation of petroleum products and crude oil throughout North America. The Supply and Logistics segment provides supply and logistics services for crude oil and petroleum products and carbon dioxide.

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