The consensus among analysts is that Genesis Energy, L.P. (GEL) is a Hold stock at the moment, with a recommendation rating of 2.6. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 3 out of 6 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.01.
Genesis Energy, L.P. (NYSE:GEL) trade information
Sporting 4.34% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the GEL stock price touched $8.98-1 or saw a rise of 19.71%. Year-to-date, Genesis Energy, L.P. shares have moved -64.79%, while the 5-day performance has seen it change -17.51%. Over the past 30 days, the shares of Genesis Energy, L.P. (NYSE:GEL) have changed -10.1%. Short interest in the company has seen 5.56 Million shares shorted with days to cover at 3.2.
Genesis Energy, L.P. (GEL) estimates and forecasts
Figures show that Genesis Energy, L.P. shares have underperformed across the wider relevant industry. The company’s shares have lost -65.12% over the past 6 months, with this year growth rate of -100%, compared to -12.9% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -94.1% and 500% for the next quarter. Revenue growth from the last financial year stood is estimated to be -14.8%.
3 analysts offering their estimates for the company have set an average revenue estimate of $507.34 Million for the current quarter. 3 have an estimated revenue figure of $519.47 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $634.78 Million and $621.7 Million respectively for this quarter and the next, and analysts expect sales will grow by -20.1% for the current quarter and -16.4% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -31.7% over the past 5 years. Earnings growth for 2020 is a modest +128.4% while over the next 5 years, the company’s earnings are expected to increase by 29.1%.
Genesis Energy, L.P. is expected to release its next earnings report between August 04 and August 10 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.6 at a share yield of 8.68%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 9.6%.
Genesis Energy, L.P. (NYSE:GEL)’s Major holders
Insiders own 12.56% of the company shares, while shares held by institutions stand at 74.78% with a share float percentage of 85.52%. Investors are also buoyed by the number of investors in a company, with Genesis Energy, L.P. having a total of 147 institutions that hold shares in the company. The top two institutional holders are Invesco Ltd. with over 19.11 Million shares worth more than $74.92 Million. As of March 30, 2020, Invesco Ltd. held 15.6% of shares outstanding.
The other major institutional holder is Alps Advisors Inc., with the holding of over 14.05 Million shares as of March 30, 2020. The firm’s total holdings are worth over $55.09 Million and represent 11.47% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Alps ETF Tr-Alerian MLP ETF and Invesco Oppenheimer Steelpath MLP Income. As of February 28, 2020, the former fund manager holds about 10.27% shares in the company for having 12579622 shares of worth $124.92 Million while later fund manager owns 10.06 Million shares of worth $99.86 Million as of February 28, 2020, which makes it owner of about 8.21% of company’s outstanding stock.