Genesis Energy L.P. [GEL] Targets a New Price of $10.92; A Good Choice for Investors?

Genesis Energy L.P. [NYSE: GEL] jumped around 0.43 points on Friday, while shares priced at $6.47 at the close of the session, up 7.12%. The company on July 8, made an announcement that its general partner’s Board of Directors have decided to initiate the distribution on 8.75% Class A Convertible Preferred Units and Genesis’ common units attributable to the second quarter that ended on June 30, 2020.

Genesis will pay the following distributions to the record holder’s on August 14, 2020 at the closing of business on July 31, 2020. About $0.15 ($0.60 on an annualized basis) quarterly cash will be paid to each holder per common unit held of record. The company will pay around $0.7374 ($2.9496 on an annualized basis) of cash distribution per preferred unit held of record.

GEL Stock saw the intraday high of $6.48 and lowest of $6.01 per share. The company’s 52-week high price is 23.84, which means current price is +150.78% above from all time high which was touched on 01/08/20.

Compared to the average trading volume of 1.57M shares, GEL reached a trading volume of 744731 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Genesis Energy L.P. [GEL]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GEL shares is $10.92 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GEL stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

UBS have made an estimate for Genesis Energy L.P. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 16, 2020. While these analysts kept the previous recommendation, UBS dropped their target price from $21 to $15. The new note on the price target was released on February 20, 2020, representing the official price target for Genesis Energy L.P. stock. Previously, the target price had yet another raise to $21, while Wells Fargo analysts kept a Underweight rating on GEL stock.

The Average True Range (ATR) for Genesis Energy L.P. is set at 0.74, with the Price to Sales ratio for GEL stock in the period of the last 12 months amounting to 0.31. The Price to Book ratio for the last quarter was 0.58, with the Price to Cash per share for the same quarter was set at 0.16.

How has GEL stock performed recently?

Genesis Energy L.P. [GEL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.00. With this latest performance, GEL shares dropped by -35.88% in over the last four-week period, additionally sinking by -69.57% over the last 6 months – not to mention a drop of -71.78% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GEL stock in for the last two-week period is set at 39.51, with the RSI for the last a single of trading hit 34.73, and the three-weeks RSI is set at 42.04 for Genesis Energy L.P. [GEL]. The present Moving Average for the last 50 days of trading for this stock 7.55, while it was recorded at 6.35 for the last single week of trading, and 13.51 for the last 200 days.

Genesis Energy L.P. [GEL]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Genesis Energy L.P. [GEL] shares currently have an operating margin of +11.26 and a Gross Margin at +13.38. Genesis Energy L.P.’s Net Margin is presently recorded at +3.87.

Return on Total Capital for GEL is now 4.73, given the latest momentum, and Return on Invested Capital for the company is 1.64. Return on Equity for this stock inclined to 4.10, with Return on Assets sitting at 1.47. When it comes to the capital structure of this company, Genesis Energy L.P. [GEL] has a Total Debt to Total Equity ratio set at 161.91. Additionally, GEL Total Debt to Total Capital is recorded at 61.82, with Total Debt to Total Assets ending up at 54.51. Long-Term Debt to Equity for the company is recorded at 249.09, with the Long-Term Debt to Total Capital now at 61.33.

Reflecting on the efficiency of the workforce at the company, Genesis Energy L.P. [GEL] managed to generate an average of $43,636 per employee. Receivables Turnover for the company is 6.70 with a Total Asset Turnover recorded at a value of 0.38.Genesis Energy L.P.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.50.

Earnings analysis for Genesis Energy L.P. [GEL]

With the latest financial reports released by the company, Genesis Energy L.P. posted 0.17/share EPS, while the average EPS was predicted by analysts to be reported at 0.19/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -10.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GEL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Genesis Energy L.P. go to 29.10%.

Insider trade positions for Genesis Energy L.P. [GEL]

There are presently around $532 million, or 83.10% of GEL stock, in the hands of institutional investors. The top three institutional holders of GEL stocks are: INVESCO LTD. with ownership of 19,111,672, which is approximately 9.018% of the company’s market cap and around 4.80% of the total institutional ownership; ALPS ADVISORS INC, holding 14,052,475 shares of the stock with an approximate value of $90.92 million in GEL stocks shares; and CHICKASAW CAPITAL MANAGEMENT LLC, currently with $54.91 million in GEL stock with ownership of nearly -4.207% of the company’s market capitalization.

47 institutional holders increased their position in Genesis Energy L.P. [NYSE:GEL] by around 13,068,199 shares. Additionally, 72 investors decreased positions by around 18,679,859 shares, while 27 investors held positions by with 50,513,106 shares. The mentioned changes placed institutional holdings at 82,261,164 shares, according to the latest SEC report filing. GEL stock had 17 new institutional investments in for a total of 4,099,363 shares, while 32 institutional investors sold positions of 1,623,468 shares during the same period.

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