Genesis Energy L.P (NYSE:GEL) price on Friday, January 17, rose 1.12% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $10.82.
A look at the stock’s price movement, the close in the last trading session was $10.70, moving within a range at $10.63 and $10.85. The beta value (5-Year monthly) was 2.093. Turning to its 52-week performance, $15.17 and $9.86 were the 52-week high and 52-week low respectively. Overall, GEL moved 5.36% over the past month.
Genesis Energy L.P’s market cap currently stands at around $1.33 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 0.61, with its dividend yield at 5.68%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.96B, representing a -6.74% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GEL is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend GEL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GEL’s current price about 4.89% and -1.06% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.52, while 7-day volatility ratio is 3.05% and 3.10% in the 30-day chart. Further, Genesis Energy L.P (GEL) has a beta value of 2.10, and an average true range (ATR) of 0.33. Analysts have given the company’s stock an average 52-week price target of $13, forecast between a low of $13 and high of $13. Looking at the price targets, the low is -20.15% off current price level while to achieve the yearly target high, price needs to move -20.15%. Nonetheless, investors will most likely welcome a -20.15% jump to $13 which is the analysts’ median price.
If we refocus on Genesis Energy L.P (NYSE:GEL), historical trading data shows that trading volumes averaged 0.47 over the past 10 days and 516.76K over the past 3 months. The company’s latest data on shares outstanding shows there are 122.42 million shares.
The 23.42% of Genesis Energy L.P’s shares are in the hands of company insiders while institutional holders own 67.54% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.79 million on 2024-12-31, giving us a short ratio of 5.79. The data shows that as of 2024-12-31 short interest in Genesis Energy L.P (GEL) stood at 385.99998 of shares outstanding, with shares short falling to 2.96 million registered in 2024-11-29. Current price change has pushed the stock 7.02% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GEL stock continues to rise going into the next quarter.
