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NYSE:GELGenesis Energy Stock Price, Forecast & News

$8.04
+0.02 (+0.25 %)
(As of 06/1/2020 04:00 PM ET)
Add
Compare
Today's Range
$7.96
Now: $8.04
$8.23
50-Day Range
$4.35
MA: $5.91
$8.65
52-Week Range
$2.58
Now: $8.04
$23.84
Volume646,477 shs
Average Volume1.84 million shs
Market Capitalization$985.53 million
P/E Ratio33.50
Dividend Yield7.48%
Beta2.7
Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company's Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations; and in the deep water pipeline servicing in the southern Keathley Canyon area of the Gulf of Mexico. This segment owns interests in approximately 1,422 miles of crude oil pipelines located offshore in the Gulf of Mexico. Its Sodium Minerals and Sulfur Services segment provides sulfur-extraction services to refining operations; and operates storage and transportation assets. This segment provides services to 10 refining operations; and sells sodium hydrosulfide and caustic soda to industrial and commercial companies engages in the mining of base metals. The company's Onshore Facilities and Transportation segment provides onshore facilities and transportation services to Gulf Coast crude oil refineries and producers by purchasing, transporting, storing, blending, and marketing crude oil and refined products. It operates a suite of approximately 200 trucks, 300 trailers, 404 railcars, and terminals and tankage with 4.6 million barrels of storage capacity in various locations along the Gulf Coast. This segment also transports crude oil and carbon dioxide (CO2). It owns 5 onshore crude oil pipeline systems with approximately 450 miles of pipe located primarily in Alabama, Florida, Louisiana, Mississippi, and Texas; and 2 CO2 pipelines with approximately 270 miles of pipe. Its Marine Transportation segment offers waterborne transportation of petroleum products and crude oil in North America. This segment owns a fleet of 91 barges with a combined transportation capacity of 3.2 million barrels; and 42 push/tow boats. In addition, the company produces natural soda ash. Genesis Energy, LLC serves as a general partner of the company. Genesis Energy, L.P. was founded in 1996 and is headquartered in Houston, Texas.
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Genesis Energy logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.76 out of 5 stars


Industry, Sector and Symbol

Industry Petroleum bulk stations & terminals
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone713-860-2500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.48 billion
Cash Flow$3.57 per share
Book Value$11.68 per share

Profitability

Net Income$96 million

Miscellaneous

Employees2,200
Market Cap$985.53 million
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Genesis Energy (NYSE:GEL) Frequently Asked Questions

How has Genesis Energy's stock been impacted by COVID-19 (Coronavirus)?

Genesis Energy's stock was trading at $5.78 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, GEL shares have increased by 39.1% and is now trading at $8.04. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Genesis Energy?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genesis Energy in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Genesis Energy.

When is Genesis Energy's next earnings date?

Genesis Energy is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Genesis Energy.

How were Genesis Energy's earnings last quarter?

Genesis Energy, L.P. (NYSE:GEL) issued its quarterly earnings results on Wednesday, May, 6th. The pipeline company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.03 by $0.02. The pipeline company earned $539.92 million during the quarter, compared to analyst estimates of $640.07 million. Genesis Energy had a net margin of 4.37% and a return on equity of 7.15%. The company's revenue for the quarter was down 12.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.02) earnings per share. View Genesis Energy's earnings history.

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

Genesis Energy announced a quarterly dividend on Tuesday, April 14th. Shareholders of record on Friday, May 1st will be paid a dividend of $0.15 per share on Friday, May 15th. This represents a $0.60 annualized dividend and a yield of 7.46%. The ex-dividend date is Thursday, April 30th. View Genesis Energy's dividend history.

What price target have analysts set for GEL?

4 Wall Street analysts have issued 1 year target prices for Genesis Energy's shares. Their forecasts range from $6.00 to $27.00. On average, they expect Genesis Energy's stock price to reach $16.00 in the next year. This suggests a possible upside of 99.0% from the stock's current price. View analysts' price targets for Genesis Energy.

Has Genesis Energy been receiving favorable news coverage?

Headlines about GEL stock have trended extremely negative recently, according to InfoTrie. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Genesis Energy earned a coverage optimism score of -5.0 on InfoTrie's scale. They also assigned news stories about the pipeline company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutGenesis Energy.

Are investors shorting Genesis Energy?

Genesis Energy saw a increase in short interest in May. As of May 15th, there was short interest totaling 5,030,000 shares, an increase of 19.2% from the April 30th total of 4,220,000 shares. Based on an average daily volume of 2,380,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 4.8% of the shares of the company are short sold. View Genesis Energy's Current Options Chain.

Who are some of Genesis Energy's key competitors?

What other stocks do shareholders of Genesis Energy own?

Who are Genesis Energy's key executives?

Genesis Energy's management team includes the following people:
  • Mr. Grant E. Sims, Chairman & CEO of Genesis Energy LLC (Age 63)
  • Mr. Robert V. Deere, Chief Financial Officer of Genesis Energy LLC (Age 64)
  • Mr. Edward T. Flynn, Exec. VP of Genesis Energy LLC (Age 61)
  • Mr. Richard R. Alexander, VP of Genesis Energy LLC (Age 43)
  • Mr. Chad A. Landry, VP of Genesis Energy LLC (Age 55)

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 investors include Invesco Ltd. (15.59%), Alps Advisors Inc. (11.46%), Chickasaw Capital Management LLC (6.92%), Clearbridge Investments LLC (4.61%), JPMorgan Chase & Co. (3.79%) and RR Advisors LLC (2.96%). Company insiders that own Genesis Energy stock include Chad Anthony Landry, Conrad P Albert, Edward T Flynn, Garland G Gaspard, Jack T Taylor, James E Davison, Kenneth M Jastrow II, Kristen O Jesulaitis and Ryan S Sims. View institutional ownership trends for Genesis Energy.

Which institutional investors are selling Genesis Energy stock?

GEL stock was sold by a variety of institutional investors in the last quarter, including Clearbridge Investments LLC, Tortoise Capital Advisors L.L.C., UBS Group AG, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Chickasaw Capital Management LLC, BlackRock Inc., Infrastructure Capital Advisors LLC, and Creative Planning. View insider buying and selling activity for Genesis Energy.

Which institutional investors are buying Genesis Energy stock?

GEL stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Morgan Stanley, Morgan Stanley, Invesco Ltd., Alps Advisors Inc., Harvest Fund Advisors LLC, RR Advisors LLC, and Pinnacle Holdings LLC. Company insiders that have bought Genesis Energy stock in the last two years include Chad Anthony Landry, Conrad P Albert, Edward T Flynn, Garland G Gaspard, Jack T Taylor, James E Davison, Kenneth M Jastrow II, Kristen O Jesulaitis, and Ryan S Sims. View insider buying and selling activity for Genesis Energy.

How do I buy shares of Genesis Energy?

Shares of GEL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Genesis Energy's stock price today?

One share of GEL stock can currently be purchased for approximately $8.04.

How big of a company is Genesis Energy?

Genesis Energy has a market capitalization of $985.53 million and generates $2.48 billion in revenue each year. The pipeline company earns $96 million in net income (profit) each year or $0.36 on an earnings per share basis. Genesis Energy employs 2,200 workers across the globe.

What is Genesis Energy's official website?

The official website for Genesis Energy is www.genesisenergy.com.

How can I contact Genesis Energy?

Genesis Energy's mailing address is 919 MILAM SUITE 2100, HOUSTON TX, 77002. The pipeline company can be reached via phone at 713-860-2500 or via email at [email protected]

This page was last updated on 6/1/2020 by MarketBeat.com Staff

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