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 "buy" GEL shares.
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2 brokerages have issued 1 year target prices for Genesis Energy's stock. Their GEL share price forecasts range from $13.00 to $17.00. On average, they anticipate the company's stock price to reach $15.00 in the next twelve months. This suggests a possible upside of 49.9% 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 stock has decreased by 2.0% and is now trading at $10.01.
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Genesis Energy saw a decrease in short interest in 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 daily trading volume, of 340,200 shares, the short-interest ratio is currently 5.9 days. Approximately 1.9% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our GEL earnings forecast.

Genesis Energy, L.P. (NYSE:GEL) released its earnings results on Thursday, May, 4th. The pipeline company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.34. The pipeline company earned $790.60 million during 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 quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.20) earnings per share.

Genesis Energy declared a quarterly dividend on Tuesday, April 11th. Shareholders of record on Friday, April 28th will be paid a dividend of $0.15 per share on Monday, May 15th. This represents a $0.60 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date is Thursday, April 27th.
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), Arrow Dow Jones Global Yield ETF (GYLD), ASYMmetric Smart Alpha S&P 500 ETF (ZSPY), Invesco Zacks Multi-Asset Income ETF (CVY), Pacer American Energy Independence ETF (USAI) and VanEck Energy Income ETF (EINC).

Genesis Energy (NYSE:GEL) pays an annual dividend of $0.60 per share and currently has a dividend yield of 6.15%. 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 retail and institutional investors. Top institutional investors 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.
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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 $10.01.

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.