Genesis Energy - GEL Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Genesis Energy in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GEL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GEL, but not buy additional shares or sell existing shares.
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5 analysts have issued 1 year price targets for Genesis Energy's shares. Their GEL share price forecasts range from $11.00 to $15.00. On average, they predict the company's share price to reach $12.50 in the next twelve months. This suggests a possible upside of 19.0% from the stock's current price.
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Genesis Energy's stock was trading at $10.71 at the beginning of the year. Since then, GEL stock has decreased by 2.0% and is now trading at $10.50.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Genesis Energy, L.P. (NYSE:GEL) released its quarterly earnings results on Thursday, November, 4th. The pipeline company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.26. The pipeline company earned $518.80 million during the quarter, compared to analysts' expectations of $402.75 million. Genesis Energy had a negative net margin of 2.41% and a negative trailing twelve-month return on equity of 7.12%. Genesis Energy's revenue for the quarter was up 17.1% on a year-over-year basis. During the same period last year, the firm earned ($0.36) earnings per share.

Genesis Energy announced a quarterly dividend on Tuesday, July 12th. Stockholders of record on Friday, July 29th will be given a dividend of $0.15 per share on Friday, August 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date is Thursday, July 28th.
Read our dividend analysis for GEL.

Genesis Energy (NYSE:GEL) pays an annual dividend of $0.60 per share and currently has a dividend yield of 5.75%. GEL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
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."

Genesis Energy's stock is owned by many different institutional and retail investors. Top institutional investors include FMR LLC (0.00%), Alps Advisors Inc. (0.00%), JPMorgan Chase & Co. (0.00%), Mirae Asset Global Investments Co. Ltd. (0.00%), Tortoise Capital Advisors L.L.C. (4.02%) and RR Advisors LLC (0.00%). Insiders that own company stock include Chad Anthony Landry, Conrad P Albert, Edward T Flynn, Edward T Flynn, Garland G Gaspard, Grant E Sims, Jack T Taylor, James E Davison, Kenneth M Jastrow II, Kristen O Jesulaitis, Ryan S Sims and William Stanton Goloway.
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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 $10.50.

Genesis Energy (NYSE:GEL) has a market capitalization of $1.29 billion and generates $2.13 billion in revenue each year. The pipeline company earns $-165,070,000.00 in net income (profit) each year or ($1.09) on an earnings per share basis.

The company employs 1,903 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.