Genesis Energy L.P. (GEL) Price Target: Is It Set To Rise Or Fall In Price?

Genesis Energy L.P. (NYSE:GEL) finished Wednesday with a subtraction of -$0.22 to close at $11.40, a downside of -1.89 percent. An average of 1,478,140 shares of common stock have been traded in the last five days. There was a gain of $0.81 in the past week. The last 20 days have seen an average of 1,415,970 shares traded, while the 50-day average volume stands at 1,025,528.

GEL stock has increased by 38.35% in the last month. The company shares reached their 1-month lowest point of $8.10 on 09/20/21. With the stock rallying to its 52-week high on 06/11/21, shares of the company touched a low of $3.78 and a high of $12.78 in 52 weeks. In spite of this, the price is down -10.80% from the 52-week high.


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Insider Transactions

338 days have passed since Genesis Energy L.P. (GEL) last reported insider trading activity. GOLOWAY WILLIAM STANTON, who is Vice President, most recently acquired $2,400 shares at $5.23 per share on Nov 10.

Valuation Metrics

Genesis Energy L.P. (GEL) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.70 for the sector. In the last five years, Genesis Energy L.P.’s PE ratio has ranged between 129.12 and 15.08. The stock’s beta is 2.48. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.70, the price-to-book (PB) ratio at 2.08, and the price-to-cash flow ratio at 18.33.

Genesis Energy L.P. pays a $0.60 dividend per share annually. It offers a dividend yield of 5.26%. The company’s most recent quarterly dividend payment was $0.15 a share, without any change from last year. Its dividend has been increased for the last 1 consecutive years with the latest decrease dividend $0.40 reported on Tuesday April 14 2020. Dividends have grown by -62.30% each year over the last three years.

Genesis Energy L.P. will next go ex-dividend on 28-Oct-2021. The next dividend payment Genesis Energy L.P. will make is expected to be $0.15.

The quick ratio of Genesis Energy L.P. for the three months ended June 29 was 1.00, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 6.17 and a total debt to equity ratio of 6.17 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 19.40% against a 5-year average of 11.5%. Genesis Energy L.P.’s EBITDA margin for the year ending June 29 is 21.54%, while its operating margin for the same period stands at -0.30%. Its gross profit as reported stood at $409.15 million compared to revenue of $1.82 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Genesis Energy L.P.’s return on assets was -4.50%, compared to -1.1% over the last five years. In the past year, the return on investment has been -5.60%, and the 5-year average is 1.3%. Meanwhile, the return on equity (ROE) for the past 12 months has been -33.40% and the 5-year average holds at -3.9%. For the broader industry, ROE averaged 12.45 over the past year.

Earnings Surprise

The analyst consensus anticipated Genesis Energy L.P.’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be -$0.49, a -1,533.30% surprise. For the quarter, EBITDA amounted to $96.83 million. Shareholders own equity worth $122.58 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Genesis Energy L.P. (GEL) price momentum. RSI 9-day as of the close on 13 October was 72.03%, suggesting the stock is Overbought, with historical volatility in this time frame at 43.12%.

As of today, GEL’s price is $11.42 +7.65% or $0.81 from its 5-day moving average. GEL is currently trading +37.02% higher than its 20-day SMA and +16.21% higher than its 100-day SMA. However, the stock’s current price level is +12.87% above the SMA50 and +88.43% above the SMA200.

The stochastic %K and %D were 89.08% and 92.73%, respectively, and the average true range (ATR) was 0.54. With the 14-day stochastic at 82.88% and the average true range at 0.52, the RSI (14) stands at 70.28%. The stock has reached 0.52 on the 9-day MACD Oscillator while the 14-day reading was at 1.10.

Analyst Ratings

Barclays upgraded Genesis Energy L.P. (NYSE: GEL) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a an Equal weight.The consensus rating for Genesis Energy L.P. (GEL) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GEL, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 2 others rate it as a “buy”.

What is GEL’s price target for the next 12 months?

Analysts predict a range of price targets between $10.00 and $12.50, with a median target of $11.00. Taking a look at these predictions, the average price target given by analysts for Genesis Energy L.P. (GEL) stock is $11.10.

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