What is Genesis Energy, L.P.'s stock symbol?
Genesis Energy, L.P. trades on the New York Stock Exchange (NYSE) under the ticker symbol "GEL."
How often does Genesis Energy, L.P. pay dividends? What is the dividend yield for Genesis Energy, L.P.?
Genesis Energy, L.P. declared a quarterly dividend on Thursday, January 12th. Investors of record on Tuesday, January 31st will be given a dividend of $0.71 per share on Tuesday, February 14th. This represents a $2.84 annualized dividend and a yield of 8.32%. The ex-dividend date is Friday, January 27th. This is an increase from Genesis Energy, L.P.'s previous quarterly dividend of $0.70.
Where is Genesis Energy, L.P.'s stock going? Where will Genesis Energy, L.P.'s stock price be in 2017?
10 brokerages have issued twelve-month price objectives for Genesis Energy, L.P.'s stock. Their forecasts range from $36.00 to $44.00. On average, they anticipate Genesis Energy, L.P.'s share price to reach $39.78 in the next twelve months.
When will Genesis Energy, L.P. announce their earnings?
Genesis Energy, L.P. is scheduled to release their next quarterly earnings announcement on Tuesday, May, 2nd 2017.
What are analysts saying about Genesis Energy, L.P. stock?
Here are some recent quotes from research analysts about Genesis Energy, L.P. stock:
According to Zacks Investment Research, "Genesis Energy operates crude oil common carrier pipelines and is an independent gatherer and marketer of crude oil in North America, with operations concentrated in Texas, Louisiana, Alabama, Florida, Mississippi and New Mexico. " (2/22/2017)
Citigroup Inc. analysts commented, "underappreciated growth story," Citi said, while upgrading the stock to Buy from Neutral."We believe GEL offers investors an underappreciated growth story driven by a visible ramp in its deepwater Gulf of Mexico pipelines and organic investments in its Supply and Logistics/onshore pipeline businesses," analyst Faisel Khan wrote in a note.Khan, who expects Genesis to generate about 10 percent distribution growth through the end of the decade, noted that the company is set to benefit from its near $1 billion organic capex in the back half of 2016 or early 2017.Related Link: D.A. Davidson Expects An Oil/Gas Rebound"We expect additional cash flow growth in the offshore business through 2020 driven by increased production from several key projects including Lucius and Heidelberg. We do not believe there is a significant cliff in GOM production in the current decade based on forecasts for projects sanctioned and online and decline rates significantly less severe compared to shale," (7/1/2016)
Janney Montgomery Scott analysts commented, "increased confidence" that Genesis Energy "will execute on its de-risked growth cap ex plan." Furthermore, the analyst believes a lower implied cost of capital exists "as GEL's equity risk premium has continued to contract following the rally in its underlying debt."Marsh elaborated, "With above peer EBITDA growth, 10 percent per annum distribution growth through at least 2018, and a +6 percent yield we find the units compelling. Our Fair Value Estimate of $44 is based on a 12.5x multiple on our 2017 EBITDA estimate, which is a 10 percent discount to GEL's historic multiple."Related Link: Genesis Energy Increases Credit Facility From $1.5 To $1.7 BillionJanney sees growth capex as driving +15 percent annual EBITDA growth in the next three years. According to the analyst, Genesis Energy is at the tail end of a $900 million capex program, with $270 million slated to be spent this year. The analyst believes that majority of the growth capex spend for 2016 "is tied to midstream projects related to investment-grade rated Exxon Mobil Corporation (NYSE: XOM)'s refinery assets."The brokerage pointed out another notable growth capex project, the midstream assets in the Powder River Basin, which is supported by an acreage dedication from investment-grade rated Devon Energy Corp (NYSE: DVN).The analyst concluded, "Because of the robust EBITDA growth, we expect the distribution to be well covered between now and 2018 (+1.2x coverage ratio) while growing 10 percent annually." (6/16/2016)
Who owns Genesis Energy, L.P. stock?
Genesis Energy, L.P.'s stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Advisory Research Inc. (2.27%), RR Advisors LLC (1.72%), Commonwealth of Pennsylvania Public School Empls Retrmt SYS (1.02%), Westwood Holdings Group Inc. (0.24%), Raymond James Financial Services Advisors Inc. (0.20%) and Metropolitan Life Insurance Co. NY (0.19%).
Who sold Genesis Energy, L.P. stock? Who is selling Genesis Energy, L.P. stock?
Genesis Energy, L.P.'s stock was sold by a variety of institutional investors in the last quarter, including Guggenheim Capital LLC, Renaissance Technologies LLC, Advisory Research Inc., United Capital Financial Advisers LLC, Envestnet Asset Management Inc., Samson Capital Management LLC, Van ECK Associates Corp and Monetary Management Group Inc..
Who bought Genesis Energy, L.P. stock? Who is buying Genesis Energy, L.P. stock?
Genesis Energy, L.P.'s stock was acquired by a variety of institutional investors in the last quarter, including RR Advisors LLC, Third Security LLC, Rafferty Asset Management LLC, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Westwood Holdings Group Inc., FFT Wealth Management LLC, Cutter & CO Brokerage Inc. and Raymond James Financial Services Advisors Inc..
How do I buy Genesis Energy, L.P. stock?
Shares of Genesis Energy, L.P. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Genesis Energy, L.P. stock cost?
One share of Genesis Energy, L.P. stock can currently be purchased for approximately $34.13.