In yesterday’s Wall Street session, Genesis Energy L.P. (NYSE:GEL) shares traded at $11.69, down -0.76% from the previous session.
2 analysts cover Genesis Energy L.P. (NYSE:GEL), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $19.00 and a low of $13.00, we find $16.00. Given the previous closing price of $11.78, this indicates a potential upside of 35.82 percent. GEL stock price is now 5.32% away from the 50-day moving average and 10.96% away from the 200-day moving average. The market capitalization of the company currently stands at $1.43B.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
The stock has received a hold rating from 1 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $16.00 as their price target over the next twelve months.
On November 23, 2021, CapitalOne Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $12 to quote $11, while ‘Barclays’ rates the stock as ‘Equal Weight’.
In other news, SIMS RYAN S, Senior Vice President bought 1,700 shares of the company’s stock on Mar 01. The stock was bought for $19,975 at an average price of $11.75. Upon completion of the transaction, the Senior Vice President now directly owns 18,000 shares in the company, valued at $0.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 26, President, Genesis Alkali, LLC Flynn Edward T bought 20,000 shares of the business’s stock. A total of $200,400 was incurred on buying the stock at an average price of $10.02. This leaves the insider owning 120,000 shares of the company worth $1.4 million. Insiders disposed of 71,422 shares of company stock worth roughly $0.83 million over the past 1 year. A total of 5.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GEL stock. A new stake in Genesis Energy L.P. shares was purchased by WESTWOOD HOLDINGS GROUP INC during the first quarter worth $20,320,000. INTRINSIC EDGE CAPITAL MANAGEMENT LLC invested $8,207,000 in shares of GEL during the first quarter. In the first quarter, TEJARA CAPITAL LTD acquired a new stake in Genesis Energy L.P. valued at approximately $1,637,000. MARYLAND STATE RETIREMENT & PENSION SYSTEM acquired a new stake in GEL for approximately $315,000. SOWELL FINANCIAL SERVICES LLC purchased a new stake in GEL valued at around $257,000 in the second quarter. In total, there are 126 active investors with 71.00% ownership of the company’s stock.
On Thursday morning Genesis Energy L.P. (NYSE: GEL) stock kicked off with the opening price of $11.83. During the past 12 months, Genesis Energy L.P. has had a low of $7.61 and a high of $13.34. As of last week, the company has a debt-to-equity ratio of 7.60, a current ratio of 1.20, and a quick ratio of 1.10. The fifty day moving average price for GEL is $11.10 and a two-hundred day moving average price translates $10.54 for the stock.
The latest earnings results from Genesis Energy L.P. (NYSE: GEL) was released for Sep, 2022. According to the Oil & Gas Midstream Company, earnings per share came in at -$0.12, missing analysts’ expectations of $0.02 by -0.14. This compares to -$0.48 EPS in the same period last year. The net profit margin was -0.20% and return on equity was -0.80% for GEL. The company reported revenue of $714.04 million for the quarter, compared to $581.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.78 percent. For the current quarter, analysts expect GEL to generate $569.6M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/14/2023. Investors who held shares on 01/31/2023 were paid a $0.15 dividend. On an annualized basis, this represents a $0.60 dividend and a 5.13% percent yield. There was an ex-dividend date of 01/30/2023 for this dividend.
Genesis Energy L.P.(GEL) Company Profile
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 deepwater 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 offers sulfur-extraction services to refining operations; and operates storage and transportation assets. This segment provides services to ten refining operations; and sells sodium hydrosulfide and caustic soda to industrial and commercial companies involved in the mining of base metals. Its Onshore Facilities and Transportation segment offers 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 trucks, trailers, railcars, and terminals and tankage with 4.2 million barrels of storage capacity in various locations along the Gulf Coast. This segment also transports crude oil. It owns four onshore crude oil pipeline systems with approximately 450 miles of pipe in Alabama, Florida, Louisiana, Mississippi, and Texas; and four operational crude oil rail unloading facilities in Baton Rouge, Raceland, and Louisiana, as well as Walnut Hill, Florida and Natchez, Mississippi. Its Marine Transportation segment offers waterborne transportation of petroleum 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. The company was incorporated in 1996 and is headquartered in Houston, Texas.
