As of Friday close, Genesis Energy L.P.’s (NYSE:GEL) stock was down -$0.75, moving down -6.95 percent to $10.04. The average number of shares traded per day over the past five days has been 1,501,640 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.58 fall in that time frame. In the last twenty days, the average volume was 702,030, while in the previous 50 days, it was 672,470.
Since last month, GEL stock rose 4.69%. Shares of the company fell to $9.37 on 08/25/23, the lowest level in the past month. A 52-week high of $12.15 was reached on 03/03/23 after having rallying from a 52-week low of $8.05. Since the beginning of this year, GEL’s stock price has dropped by -1.67% or -$0.17, and marked a new high 14 times. However, the stock has declined by -17.37% since its 52-week high.
GEL stock investors should be aware that Genesis Energy L.P. (GEL) stock had its last reported insider trading activity 40 days ago on Aug 14. Rasmussen Jeffrey J, the VP & GM – Refinery Services of the company, purchased of 5,000 shares for $9.37 on Aug 14. It resulted in a $46,838 investment by the insider. Flynn Edward T added 10,000 shares at an average price of $9.69 on Aug 11. The insider now owns 130,000 shares following the transaction. On May 10, SVP – Offshore Rainsberger William W bought 2,500 shares at $9.65 apiece. The transaction was valued at $24,115.
Valuation Metrics
Right now, Genesis Energy L.P. (GEL) has a P/E ratio of about 358.57. The stock’s beta is 2.05. Besides these, the trailing price-to-sales (P/S) ratio of 0.41, the price-to-book (PB) ratio of 2.29.
The latest dividend of $0.15 per share was paid out, remained unchanged from last year’s $0.15. On Tuesday April 14 2020, a $0.40 dividend decrease was announced.
Financial Health
In the three months ended June 29, Genesis Energy L.P.’s quick ratio stood at 1.00, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 8.20, and the total debt-to-equity ratio was 8.20. On the profitability front, the trailing twelve-month gross margin is 22.30% percent. In the year ended June 29, EBITDA margin amounted to 22.62%, whereas operating margins totaled 10.50%. Based on annual data, GEL earned $637.82 million in gross profit and brought in $2.79 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.30%. Return on equity (ROE) for the past 12 months was 0.60%.
In Genesis Energy L.P.’s quarter-end financial report for June 29, it reported total debt of $133.6 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GEL’s revenue rose 10.31% to $790.61 million during the quarter, while net income inched up to $804.66 million. While analysts expected Genesis Energy L.P. to report $0.27 quarterly earnings, the actual figure was $0.22 per share, beating the consensus estimate by -18.50%. During the quarter, the company generated $173.49 million in EBITDA. The liabilities of Genesis Energy L.P. were 4.93 billion at the end of its most recent quarter ended June 29, and its total debt was $3.55 billion. The value of shareholders’ equity is $122.58 million.
Technical Picture
This quick technical analysis looks at Genesis Energy L.P.’s (GEL) price momentum. With a historical volatility rate of 43.46%, the RSI 9-day stood at 38.42% on 22 September.
With respect to its five-day moving average, the current Genesis Energy L.P. price is down by -5.46% percent or -$0.58. At present, GEL shares trade +6.92% above its 20-day simple moving average and -8.48% percent below its 100-day simple moving average. However, the stock is currently trading approximately +2.45% above its SMA50 and -1.18% below its SMA200.
Stochastic coefficient K was 46.41% and Stochastic coefficient D was 67.48%, while ATR was 0.43. Given the Stochastic reading of 1.57% for the 14-day period, the RSI (14) reading has been calculated as 45.64%. As of today, the MACD Oscillator reading stands at -0.14, while the 14-day reading stands at -0.05.
Analyst Ratings
Genesis Energy L.P. (GEL) has been rated Overweight by analysts. According to 0 brokerage firms, GEL is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Genesis Energy L.P. stock as buy, with 1 recommending it as overweight.
With a median target price of $13.00, the current consensus forecast for the stock is $11.00 – $14.00. Based on these forecasts, analysts predict Genesis Energy L.P. (GEL) will achieve an average price target of $12.67.
