Genesis Energy (GEL) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Genesis Energy in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GEL shares.
View GEL analyst ratings or view top-rated stocks.

2 Wall Street analysts have issued 1 year target prices for Genesis Energy's shares. 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 29.5% 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 2023. Since then, GEL stock has decreased by 1.7% and is now trading at $10.04.
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Genesis Energy saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,060,000 shares, an increase of 6.2% from the August 15th total of 1,940,000 shares. Based on an average trading volume of 564,200 shares, the short-interest ratio is currently 3.7 days. Currently, 2.0% of the company's shares 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by $0.05. The pipeline company had revenue of $804.70 million for the quarter. Genesis Energy had a trailing twelve-month return on equity of 10.73% and a net margin of 3.07%. The firm's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS.

Genesis Energy announced a quarterly dividend on Wednesday, July 12th. Investors of record on Monday, July 31st will be given a dividend of $0.15 per share on Monday, August 14th. This represents a $0.60 dividend on an annualized basis and a yield of 5.98%. 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 5.56%. 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."

Genesis Energy's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (5.27%), JPMorgan Chase & Co. (4.24%), Westwood Holdings Group Inc. (3.08%), Chickasaw Capital Management LLC (2.90%), Clearbridge Investments LLC (2.66%) and Goldman Sachs Group Inc. (1.43%). Insiders that own company stock include Edward T Flynn, Edward T Flynn, Garland G Gaspard, Grant E Sims, James E Davison, Jeffrey J Rasmussen, 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 $10.04.

Genesis Energy (NYSE:GEL) has a market capitalization of $1.23 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.