Genesis Energy Rises On Unusually High Volume (GEL)

NEW YORK ( TheStreet) -- Genesis Energy (NYSE: GEL) is trading at unusually high volume Friday with 872,789 shares changing hands. It is currently at 4.2 times its average daily volume and trading up $2.05 (+6.5%) at $33.48 as of 4:04 p.m. ET.

Genesis Energy has a market cap of $2.06 billion and is part of the basic materials sector and energy industry. Shares are up 12.1% 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 42.1, 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, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. 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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