NEW YORK (TheStreet) -- Shares of Genesis Energy, L.P. (GEL) are flat in pre-market trading Monday, as the oil and gas company had its rating raised to "outperform" from "neutral"' by analysts at Robert W. Baird this morning.
The firm maintained its price target of $57 on the shares.
R.W. Baird analysts cited the Houston, TX-based company's recent share weakness and good distribution growth for its raise in rating.
Must Read: Warren Buffett's 25 Favorite Stocks
Genesis Energy is a limited partnership focused on the midstream segment of the oil and gas industry in the Gulf Coast region, with a portfolio of customers, operations and assets that include pipelines, refinery-related plants, storage tanks and terminals, barges and trucks.
Shares of Genesis Energy closed at $49.51 on Monday.
Separately, TheStreet Ratings team rates GENESIS ENERGY -LP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate GENESIS ENERGY -LP (GEL) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."