Genesis Energy L.P (NYSE: GEL) is 48.86% higher on its value in year-to-date trading and has touched a low of $9.86 and a high of $15.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GEL stock was last observed hovering at around $14.82 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $15.05, the stock is 14.20% and 27.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing 1.55% at the moment leaves the stock 20.30% off its SMA200. GEL registered 40.92% gain for a year compared to 6-month loss of 12.90%. The firm has a 50-day simple moving average (SMA 50) of $11.7814 and a 200-day simple moving average (SMA200) of $12.51015.
The stock witnessed a 22.76% gain in the last 1 month and extending the period to 3 months gives it a 46.54%, and is 15.68% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.91% over the week and 4.08% over the month.
Genesis Energy L.P (GEL) has around 2075 employees, a market worth around $1.84B and $2.97B in sales. Fwd P/E is 19.80. Profit margin for the company is -5.11%. Distance from 52-week low is 52.64% and -0.86% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.80%).
The EPS is expected to grow by 95.16% this year
136.0 institutions hold shares in Genesis Energy L.P (GEL), with institutional investors hold 84.55% of the company’s shares. The shares outstanding are 122.42M, and float is at 89.21M with Short Float at 3.70%. Institutions hold 73.48% of the Float.
The top institutional shareholder in the company is ALPS ADVISORS INC with over 18.97 million shares valued at $271.4 million. The investor’s holdings represent 15.4871 of the GEL Shares outstanding. As of 2024-06-30, the second largest holder is INVESCO LTD. with 17.66 million shares valued at $252.68 million to account for 14.4187 of the shares outstanding. The other top investors are MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. which holds 4.43 million shares representing 3.6184 and valued at over $63.41 million, while CHICKASAW CAPITAL MANAGEMENT LLC holds 3.5043 of the shares totaling 4.29 million with a market value of $61.41 million.
Genesis Energy L.P (GEL) Insider Activity
The most recent transaction is an insider purchase by SIMS RYAN S, the company’s President & Chief Comm Officer. SEC filings show that SIMS RYAN S bought 1,000 shares of the company’s common stock on Mar 13 ’25 at a price of $12.95 per share for a total of $12945.0. Following the purchase, the insider now owns 23500.0 shares.
Genesis Energy L.P disclosed in a document filed with the SEC on Nov 08 ’24 that SIMS RYAN S (President & Chief Comm Officer) bought a total of 1,000 shares of the company’s common stock. The trade occurred on Nov 08 ’24 and was made at $11.25 per share for $11250.0. Following the transaction, the insider now directly holds 22500.0 shares of the GEL stock.
Still, SEC filings show that on Aug 06 ’24, Gaspard Garland G (Vice President) acquired 2,261 shares at an average price of $13.27 for $29992.0. The insider now directly holds 19,525 shares of Genesis Energy L.P (GEL).
