Genesis Energy (GEL) Trading With Heavy Volume Before Market Open

Trade-Ideas LLC identified Genesis Energy (GEL) as a pre-market mover with heavy volume candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Genesis Energy

(

GEL

) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Genesis Energy as such a stock due to the following factors:

  • GEL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $24.9 million.
  • GEL traded 114,705 shares today in the pre-market hours as of 8:43 AM, representing 17.3% of its average daily volume.

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More details on GEL:

Genesis Energy, L.P. operates in the midstream segment of the oil and gas industry. The company operates through five segments: Offshore Pipeline Transportation, Onshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. The stock currently has a dividend yield of 6.8%. GEL has a PE ratio of 1. Currently there are 7 analysts that rate Genesis Energy a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Genesis Energy has been 582,100 shares per day over the past 30 days. Genesis Energy has a market cap of $4.4 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.27 and a short float of 4.3% with 5.84 days to cover. Shares are up 11.3% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Genesis Energy as a

buy

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity, reasonable valuation levels and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:

  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 74.6% when compared to the same quarter one year prior, rising from $20.22 million to $35.30 million.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, GENESIS ENERGY -LP's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • GENESIS ENERGY -LP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, GENESIS ENERGY -LP increased its bottom line by earning $3.95 versus $1.19 in the prior year. For the next year, the market is expecting a contraction of 61.0% in earnings ($1.54 versus $3.95).
  • GEL, with its decline in revenue, slightly underperformed the industry average of 23.9%. Since the same quarter one year prior, revenues fell by 28.2%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.

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