NEW YORK (

TheStreet

) --

Genesis Energy

(NYSE:

GEL

) hit a new 52-week high Friday as it traded at $29.22 compared with its previous 52-Week high of $29.10. Genesis Energy is changing hands at $29.22 with 20,115 shares traded as of 10:36 a.m. ET. Average volume has been 165,500 shares over the past 30 days.

Genesis Energy has a market cap of $1.1 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 6.7% year to date as of the close of trading on Thursday.

Genesis Energy, L.P., together with its subsidiaries, operates in the midstream segment of the oil and gas industry in the Gulf Coast area of the United States. The company operates through four divisions: Pipeline Transportation, Refinery Services, Industrial Gases, and Supply and Logistics. The company has a P/E ratio of 49.9, below the average energy industry P/E ratio of 50.8 and above the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Genesis Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Genesis Energy Ratings Report

.

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