Genesis Energy (GEL) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Genesis Energy in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GEL shares.
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2 brokers have issued 1-year price objectives for Genesis Energy's stock. Their GEL share price forecasts range from $13.00 to $13.00. On average, they predict the company's stock price to reach $13.00 in the next twelve months. This suggests a possible upside of 26.0% from the stock's current price.
View analysts price targets for GEL or view top-rated stocks among Wall Street analysts.

Genesis Energy's stock was trading at $10.21 at the beginning of the year. Since then, GEL shares have increased by 1.1% and is now trading at $10.32.
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Genesis Energy saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,120,000 shares, an increase of 51.5% from the August 31st total of 2,060,000 shares. Based on an average daily trading volume, of 610,200 shares, the short-interest ratio is presently 5.1 days. Currently, 3.0% of the shares of the company are sold short.
View Genesis Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our GEL earnings forecast.

Genesis Energy, L.P. (NYSE:GEL) posted its quarterly earnings data on Thursday, August, 3rd. The pipeline company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.27 by $0.05. The pipeline company earned $804.70 million during the quarter. Genesis Energy had a net margin of 3.07% and a trailing twelve-month return on equity of 10.73%. Genesis Energy's revenue was up 11.5% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share.

Genesis Energy declared a quarterly dividend on Wednesday, July 12th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.15 per share on Monday, August 14th. This represents a $0.60 annualized dividend and a dividend yield of 5.81%. The ex-dividend date is Friday, July 28th.
Read our dividend analysis for GEL.

ETFs with the largest weight of Genesis Energy (NYSE:GEL) stock in their portfolio include Global X MLP ETF (MLPA), Alerian MLP ETF (AMLP), InfraCap MLP ETF (AMZA), VanEck Energy Income ETF (EINC), Pacer American Energy Independence ETF (USAI) and Tortoise North American Pipeline Fund (TPYP).Alerian Energy Infrastructure ETF (ENFR).

Genesis Energy (NYSE:GEL) pays an annual dividend of $0.60 per share and currently has a dividend yield of 5.81%. GEL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 1,500.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for GEL.

28 employees have rated Genesis Energy Chief Executive Officer Grant E. Sims on Glassdoor.com. Grant E. Sims has an approval rating of 76% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Genesis Energy investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), EnLink Midstream (ENLC), AT&T (T), New Residential Investment (NRZ), Golar LNG Partners (GMLP), Gran Tierra Energy (GTE), NGL Energy Partners (NGL), Organigram (OGI) and CNBX Pharmaceuticals (CNBX).

Genesis Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "GEL."

Shares of GEL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GEL stock can currently be purchased for approximately $10.32.

Genesis Energy (NYSE:GEL) has a market capitalization of $1.27 billion and generates $2.79 billion in revenue each year. The pipeline company earns $75.46 million in net income (profit) each year or $0.04 on an earnings per share basis.

The company employs 2,109 workers across the globe.

Genesis Energy's mailing address is 919 MILAM SUITE 2100, HOUSTON TX, 77002. The official website for the company is www.genesisenergy.com. The pipeline company can be reached via phone at (713) 860-2500, via email at gelinfo@genlp.com, or via fax at 713-860-2640.