The stock of Genesis Energy L.P. (NYSE:GEL) increased by $0.44 on Friday to finish at $9.78, up 4.71 percent. The last five days have seen an average of 1,547,800 shares of common stock traded. 14 times new highs were reached in the current year, with a fall of -$0.43. The average number of shares traded over the last 20 days was 805,400, while the average volume over the last 50 days totaled 637,400.
GEL stock dropped -0.20% since last month. On 08/07/23, the company’s shares reached a one-month low of $8.05. The stock touched a high of $12.79 on 03/03/23, after rallying from a low of $8.05 in 52 weeks. The price of GEL stock has declined by -4.21% or -$0.43 this year, reaching a new high 14 times. Still, the stock price is down -23.53% from the 52-week high.
Insider Transactions
GEL stock investors should be aware that Genesis Energy L.P. (GEL) stock had its last reported insider trading activity 96 days ago on May 10. On May 10, SVP – Offshore Rainsberger William W acquired 2,500 shares at $9.65 each. This transaction resulted in the insider spending $24,115. On May 10, SIMS RYAN S added 2,000 shares at a price of US$9.70. After the transaction, the insider now owns 20,000 shares. Senior Vice President SIMS RYAN S had earlier bought 1,700 shares on Mar 01 for $11.75 a share. The transaction was completed for $19,975.
Valuation Metrics
Genesis Energy L.P. (GEL) has a trailing price-to-earnings (P/E) ratio of 349.29. Beta for the stock is 2.10. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.38, the price-to-book (PB) ratio of 2.23.
Company paid $0.15 per share in dividends, remained unchanged from $0.15 last year. A $0.40 dividend decrease was reported on Tuesday April 14 2020.
Financial Health
For the three months ended June 29, Genesis Energy L.P.’s quick ratio was 1.00, while its current ratio was 1.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 8.20, and the total debt to equity ratio is 8.20. As far as profitability goes, gross margin for the trailing twelve months is 22.30% percent. Genesis Energy L.P.’s EBITDA margin for the year ended June 29 was 22.62%, whereas its operating margin stood at 10.50% for the same period. Based on annual data, it had gross profit of $637.82 million and revenue of $2.79 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GEL’s return on assets (ROA) during the last 12 months has been 0.10%. There was a 6.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 0.60%.
Earnings Surprise
According to Genesis Energy L.P.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $804.66 million, while revenues rose by 10.31% to $790.61 million. It was predicted that Genesis Energy L.P.’s quarterly earnings would be $0.22, but it ended up being $0.27, beating the consensus by -18.50%. EBITDA was $173.49 million for the quarter. At the end of Genesis Energy L.P.’s most recent quarter ended June 29, its liabilities totaled 4.93 billion, while its total debt was $3.55 billion. Equity owned by shareholders amounts to $122.58 million.
Technical Picture
Here’s a quick look at Genesis Energy L.P.’s (GEL) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 61.26%, suggesting the stock is Neutral, with a 75.26% historical volatility rate.
The stochastic %K and %D were 65.19% and 49.92% respectively, while the average true range (ATR) was 0.42. Based on the 14-day stochastic reading of 85.22%, the RSI (14) reading is 56.03%. On the 9-day MACD Oscillator, the stock is at 0.35, and the 14-day reading is at 0.08.
Analyst Ratings
Analysts have assigned Genesis Energy L.P. (GEL) an Overweight rating. GEL is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is GEL’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.00 and $14.00, with a median target price of $13.00. In analyzing these forecasts, the average price target given by analysts for Genesis Energy L.P. (GEL) is $12.67.
