EPS for Genesis Energy, L.P. (GEL) Expected At $0.23, Allianzgi Convertible & Income Fund (NCV) Sentiment Is 1.18

July 17, 2017 - By Winifred Garcia

Analysts expect Genesis Energy, L.P. (NYSE:GEL) to report $0.23 EPS on August, 2.They anticipate $0.01 EPS change or 4.55% from last quarter’s $0.22 EPS. GEL’s profit would be $28.88 million giving it 34.11 P/E if the $0.23 EPS is correct. After having $0.23 EPS previously, Genesis Energy, L.P.’s analysts see 0.00% EPS growth. About 253,535 shares traded. Genesis Energy, L.P. (NYSE:GEL) has declined 14.17% since July 17, 2016 and is downtrending. It has underperformed by 30.87% the S&P500.

AllianzGI Convertible & Income Fund, formerly AGIC Convertible & Income Fund, is a diversified, closed-end management investment company. The company has market cap of $632.52 million. The Fund’s investment objective is to provide total return through a combination of capital appreciation and high current income. It has a 3.32 P/E ratio. The Fund invests in a diversified portfolio of domestic convertible securities and non-convertible high-yield bonds rated below investment grade.

Investors sentiment decreased to 0.9 in Q4 2016. Its down 0.91, from 1.81 in 2016Q3. It dropped, as 19 investors sold Genesis Energy, L.P. shares while 50 reduced holdings. 18 funds opened positions while 44 raised stakes. 83.41 million shares or 1.01% less from 84.27 million shares in 2016Q3 were reported. The North Carolina-based First Personal Fincl Svcs has invested 0% in Genesis Energy, L.P. (NYSE:GEL). California Public Employees Retirement Systems owns 170,200 shares or 0.01% of their US portfolio. Metropolitan Life Insurance New York has 0.06% invested in Genesis Energy, L.P. (NYSE:GEL) for 226,846 shares. Invesco Ltd has 14,097 shares. Van Eck Assocs Corporation owns 33,109 shares. Solaris Asset Mgmt Limited Liability invested 0.06% in Genesis Energy, L.P. (NYSE:GEL). Cutter And Co Brokerage Inc holds 0.14% of its portfolio in Genesis Energy, L.P. (NYSE:GEL) for 9,374 shares. Citigroup Inc invested in 341,780 shares or 0.01% of the stock. Argent has invested 3.45% in Genesis Energy, L.P. (NYSE:GEL). Texas Yale Capital Corp holds 179,240 shares or 0.61% of its portfolio. Mai Cap Management stated it has 86,229 shares or 0.23% of all its holdings. Fifth Third Commercial Bank, a Ohio-based fund reported 1,325 shares. Next Fincl Grp Inc Incorporated stated it has 0% in Genesis Energy, L.P. (NYSE:GEL). 25,088 are held by Envestnet Asset Mgmt. Commonwealth Equity Services Inc reported 7,944 shares.

Since June 13, 2017, it had 1 buying transaction, and 0 selling transactions for $1.03 million activity. $1.03 million worth of Genesis Energy, L.P. (NYSE:GEL) shares were bought by Deere Robert V.

Among 14 analysts covering Genesis Energy LP (NYSE:GEL), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Genesis Energy LP had 26 analyst reports since July 21, 2015 according to SRatingsIntel. CapitalOne upgraded Genesis Energy, L.P. (NYSE:GEL) on Monday, November 14 to “Overweight” rating. The stock of Genesis Energy, L.P. (NYSE:GEL) earned “Buy” rating by Janney Capital on Thursday, October 22. The rating was downgraded by Credit Suisse to “Neutral” on Friday, November 4. The rating was maintained by RBC Capital Markets on Friday, February 19 with “Outperform”. Robert W. Baird maintained Genesis Energy, L.P. (NYSE:GEL) rating on Thursday, July 13. Robert W. Baird has “Neutral” rating and $35 target. Wells Fargo downgraded the stock to “Market Perform” rating in Wednesday, January 11 report. CapitalOne initiated it with “Equal Weight” rating and $40 target in Monday, October 17 report. The firm has “Outperform” rating given on Monday, May 8 by Credit Suisse. On Monday, July 18 the stock rating was upgraded by Wells Fargo to “Outperform”. Barclays Capital maintained it with “Equal-Weight” rating and $36 target in Wednesday, August 10 report.

Genesis Energy L.P. is a limited partnership focused on the midstream segment of the gas and oil industry. The company has market cap of $3.94 billion. The Firm operates through four divisions: Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. It has a 34.51 P/E ratio. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of natural gas and crude oil in the Gulf of Mexico.

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