Genesis Energy (GEL) Reports Q4 EPS of $0.25

Go back to Genesis Energy (GEL) Reports Q4 EPS of $0.25

UBS Cuts Price Target as Genesis Energy (GEL) Faces Headwinds

February 22, 2016 9:01 AM EST

UBS maintained a Buy rating on Genesis Energy LP (NYSE: GEL), and cut the price target to $52.00 (from $56.00), following the company's 4Q earnings report. GEL reported Adjusted EBITDA of $140.5mm, which was in line with UBSe of $141.2mm.

Analyst Shneur Gershuni commented, "Management... More