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GEL

Genesis Energy

$37.12

-0.08 (-0.22%)

06:17
10/05/16
10/05
06:17
10/05/16
06:17

Genesis Energy increases quarterly distribution 1.4% to 70c

Genesis Energy will pay a regular quarterly distribution of 70c per Common Unit for the quarter ended September 30 on November 14 to Common Unitholders of record at the close of business on October 28. This distribution represents an increase of approximately 9.4% over the 3Q15 quarterly distribution of 64c per unit, and an approximate 1.4% increase over the distribution paid for Q2.

GEL Genesis Energy
$37.12

-0.08 (-0.22%)

09/14/16
JANY
09/14/16
NO CHANGE
JANY
Anadarko deal positive for Western Gas, Genesis Energy, says Janney Capital
Janney Capital analyst Akil Marsh said he sees positive "read across" to Western Gas Partners (WES) and Western Gas Equity (WGP), as wells as to Genesis Energy (GEL), from Anadarko's (APC) $2B deal to buy deepwater Gulf of Mexico assets from Freeport McMoRan (FCX). Marsh explains that Western Gas should benefit from the increased likelihood of higher volumes while the improved long-term sustainability of drilling in these assets is good for Genesis' offshore pipelines.
07/18/16
WELS
07/18/16
UPGRADE
WELS
Outperform
Genesis Energy upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Michael Blum upgraded Genesis Energy, L.P to Outperform saying an equity issuance is more likely now with the "capital markets thawing," which could act as a positive catalyst for the stock. The analyst raised his price target range for the shares to $43-$46 from $35-$39.
07/01/16
07/01/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. FedEx (FDX) upgraded to Outperform from Peer Perform at Wolfe Research, citing increased confidence in higher earnings growth driven by continued Express profit growth, market share gains, accretion from TNT, buybacks, and a meaningfully lower tax rate. 2. Square (SQ) upgraded to Neutral from Underperform at Wedbush based on valuation. 3. Aimco (AIV) upgraded to Buy from Neutral at UBS, with analyst Nick Yulico saying the company's fundamentals will be less exposed to new supply than peers given its exposure to Class B assets. 4. Genesis Energy (GEL) upgraded to Buy from Neutral at Citi, with analyst Faisel Khan saying the company's growth story is underappreciated and its cash flow cliff is likely exaggerated. 5. Weingarten Realty (WRI) upgraded to Buy from Neutral at UBS, with analyst Jeremy Metz citing the company's "defensively positioned" portfolio and attractive valuation relative to peers. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/01/16
SBSH
07/01/16
UPGRADE
Target $46
SBSH
Buy
Genesis Energy upgraded to Buy from Neutral at Citi
Citi analyst Faisel Khan upgraded Genesis Energy to Buy saying the company's growth story is underappreciated and its cash flow cliff is likely exaggerated. Genesis is posited to benefit from nearly $1B of organic investments and should generate 10% distribution growth through the end of the decade, Khan tells investors in a research note. He lowered his price target for the shares to $46 from $48.

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