Genesis Energy Stock Hits New 52-Week High (GEL)

NEW YORK ( TheStreet) -- Genesis Energy (NYSE: GEL) hit a new 52-week high Friday as it is currently trading at $30.67, above its previous 52-week high of $30.36 with 88,152 shares traded as of 1:18 p.m. ET. Average volume has been 209,400 shares over the past 30 days.

Genesis Energy has a market cap of $2.06 billion and is part of the basic materials sector and energy industry. Shares are up 7.6% 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 three divisions: Pipeline Transportation, Refinery Services, and Supply and Logistics. The company has a P/E ratio of 45, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Genesis Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Genesis Energy Ratings Report.

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