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Genesis Energy (GEL) Stock Forecast, Price & News

$9.76
+0.11 (+1.14%)
(As of 06/1/2023 ET)
Compare
Today's Range
$9.58
$9.93
50-Day Range
$9.66
$11.69
52-Week Range
$7.61
$12.95
Volume
708,641 shs
Average Volume
349,998 shs
Market Capitalization
$1.20 billion
P/E Ratio
N/A
Dividend Yield
6.15%
Price Target
$15.00

Genesis Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
53.7% Upside
$15.00 Price Target
Short Interest
Healthy
1.94% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.53mentions of Genesis Energy in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$19,975 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.49 out of 5 stars

Oils/Energy Sector

205th out of 494 stocks

Pipelines, Except Natural Gas Industry

3rd out of 22 stocks


GEL stock logo

About Genesis Energy (NYSE:GEL) Stock

Genesis Energy LP engages in the provision of midstream services and produces natural soda ash. It operates through the following segments: Offshore Pipeline Transportation, Sodium Minerals and Sulfur Services, Onshore Facilities and Transportation, and Marine Transportation. The Offshore Pipeline Transportation segment owns interests in crude oil and natural gas pipeline transportation and handling operations through its offshore pipeline transportation segment. The Sodium Minerals and Sulfur Services segment comprises Alkali and sulfur removal business. The Onshore Facilities and Transportation segment owns and leases suite of onshore crude oil and refined products infrastructure, including pipelines, trucks, terminals, railcars, and rail loading. The Marine Transportation segment provides transportation services by tank barge primarily for refined petroleum products, including heavy fuel oil and asphalt, as well as crude oil. The company was founded in 1996 and is headquartered in Houston, TX.

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GEL Stock News Headlines

Introducing MarketBeat All Access
Get real-time financial news and market data with MarketBeat All Access. Monitor your portfolio and the markets. Access our top stock picks, unbeatable research tools, best-in-class stock screeners, and proprietary research reports.
Q1 2023 Genesis Energy LP Earnings Call
Genesis Energy (NYSE:GEL) Shares Gap Down to $11.16
Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
Genesis Energy (GEL) to Release Earnings on Thursday
Genesis Energy, L.P. (GEL) To Go Ex-Dividend on April 27th
Genesis Energy: Thesis Getting Stronger
Genesis Energy (NYSE:GEL) Downgraded to Hold at StockNews.com
2022 K-1 Tax Packages for Genesis Energy, L.P.
Genesis Energy LP (GEL) Q4 2022 Earnings Call Transcript
See More Headlines

GEL Price History

GEL Company Calendar

Ex-Dividend for 5/15 Dividend
4/27/2023
Last Earnings
5/04/2023
Dividend Payable
5/15/2023
Today
6/01/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Employees
2,109
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$15.00
High Stock Price Forecast
$17.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+53.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$75.46 million
Pretax Margin
4.47%

Debt

Sales & Book Value

Annual Sales
$2.79 billion
Cash Flow
$3.10 per share
Book Value
$6.92 per share

Miscellaneous

Free Float
121,696,000
Market Cap
$1.20 billion
Optionable
Optionable
Beta
2.19

Key Executives

  • Grant E. Sims
    Chairman & Chief Executive Officer
  • Garland G. Gaspard
    Senior Vice President-Operations & Engineering
  • Robert V. Deere
    Chief Financial Officer
  • Kristen O. Jesulaitis
    Chief Legal Officer & Senior Vice President
  • Richard R. Alexander
    Vice President & General Manager-Marine













GEL Stock - Frequently Asked Questions

Should I buy or sell Genesis Energy stock right now?

2 Wall Street equities 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 equities research analysts is that investors should "buy" GEL shares.
View GEL analyst ratings
or view top-rated stocks.

What is Genesis Energy's stock price forecast for 2023?

2 brokers have issued 12-month target prices for Genesis Energy's stock. Their GEL share price forecasts range from $13.00 to $17.00. On average, they expect the company's share price to reach $15.00 in the next year. This suggests a possible upside of 53.7% from the stock's current price.
View analysts price targets for GEL
or view top-rated stocks among Wall Street analysts.

How have GEL shares performed in 2023?

Genesis Energy's stock was trading at $10.21 at the start of the year. Since then, GEL shares have decreased by 4.4% and is now trading at $9.76.
View the best growth stocks for 2023 here
.

Are investors shorting Genesis Energy?

Genesis Energy saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 2,000,000 shares, a decrease of 16.7% from the April 30th total of 2,400,000 shares. Based on an average trading volume of 340,200 shares, the short-interest ratio is currently 5.9 days. Currently, 1.9% of the shares of the company are short sold.
View Genesis Energy's Short Interest
.

When is Genesis Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our GEL earnings forecast
.

How were Genesis Energy's earnings last quarter?

Genesis Energy, L.P. (NYSE:GEL) released its quarterly earnings results on Thursday, May, 4th. The pipeline company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.13 by $0.34. The pipeline company had revenue of $790.60 million for the quarter. Genesis Energy had a net margin of 2.68% and a trailing twelve-month return on equity of 9.06%. The business's revenue for the quarter was up 25.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.20) EPS.

How often does Genesis Energy pay dividends? What is the dividend yield for Genesis Energy?

Genesis Energy announced a quarterly dividend on Tuesday, April 11th. Stockholders of record on Friday, April 28th will be given a dividend of $0.15 per share on Monday, May 15th. This represents a $0.60 annualized dividend and a dividend yield of 6.15%. The ex-dividend date of this dividend is Thursday, April 27th.
Read our dividend analysis for GEL
.

Is Genesis Energy a good dividend stock?

Genesis Energy (NYSE:GEL) pays an annual dividend of $0.60 per share and currently has a dividend yield of 6.14%. 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.

What is Grant E. Sims' approval rating as Genesis Energy's CEO?

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.

What other stocks do shareholders of Genesis Energy own?
What is Genesis Energy's stock symbol?

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

Who are Genesis Energy's major shareholders?

Genesis Energy's stock is owned by many different retail and institutional investors. Top institutional shareholders include FMR LLC (6.17%), Mirae Asset Global Investments Co. Ltd. (4.90%), RR Advisors LLC (4.51%), JPMorgan Chase & Co. (4.17%), Chickasaw Capital Management LLC (3.00%) and Clearbridge Investments LLC (2.64%). Insiders that own company stock include Edward T Flynn, Edward T Flynn, Garland G Gaspard, Grant E Sims, James E Davison, Ryan S Sims and William Stanton Goloway.
View institutional ownership trends
.

How do I buy shares of Genesis Energy?

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.
Compare Top Brokerages Here.

What is Genesis Energy's stock price today?

One share of GEL stock can currently be purchased for approximately $9.76.

How much money does Genesis Energy make?

Genesis Energy (NYSE:GEL) has a market capitalization of $1.20 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.

How many employees does Genesis Energy have?

The company employs 2,109 workers across the globe.

How can I contact Genesis Energy?

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.

This page (NYSE:GEL) was last updated on 6/1/2023 by MarketBeat.com Staff

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