Check out these key findings about Genesis Energy L.P. (GEL)

Genesis Energy L.P. (NYSE: GEL) stock fell -4.22% on Wednesday to $10.22 against a previous-day closing price of $10.67. With 0.25 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.59 million shares. The 52-week range on GEL shows that it touched its highest point at $13.44 and its lowest point at $7.61 during that stretch. It currently has a 1-year price target of $16.33. With its current market cap of 1.26 billion, GEL has annualized dividend of $0.60 while the current yield stands at 5.87%. Beta for the stock currently stands at 2.25.

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Price Performance and Earnings:

Three-month performance dropped to -19.72% while six-month performance fell -13.76%. The stock lost -14.98% in the past year, while it has lost -4.58% so far this year. A look at the trailing 12-month EPS for GEL yields -0.89 with Next year EPS estimates of 0.96. For the next quarter, that number is 0.11. This implies an EPS growth rate of 51.20% for this year and 152.63% for next year. EPS is expected to grow by 44.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -31.70%.

Float and Shares Shorts:

At present, 122.58 million GEL shares are outstanding with a float of 106.38 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.25 million, which was 2.66% higher than short shares on Sep 14, 2022. In addition to Mr. Grant E. Sims as the firm’s Chairman & CEO of Genesis Energy LLC, Mr. Robert V. Deere serves as its Chief Financial Officer of Genesis Energy LLC.

Institutional Ownership:

Through their ownership of 74.81% of GEL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 51.13% of GEL, in contrast to 24.85% held by mutual funds. Shares owned by individuals account for 17.08%. As the largest shareholder in GEL with 12.70% of the stake, ALPS Advisors, Inc. holds 15,556,349 shares worth 15,556,349. A second-largest stockholder of GEL, Invesco Advisers, Inc., holds 14,739,898 shares, controlling over 12.03% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in GEL, holding 14,457,396 shares or 11.80% stake. With a 13.22% stake in GEL, the Alerian MLP ETF is the largest stakeholder. A total of 16,202,647 shares are owned by the mutual fund manager. The Invesco SteelPath MLP Income Fund, which owns about 6.28% of GEL stock, is the second-largest Mutual Fund holder. It holds 7,695,932 shares valued at 88.43 million. Invesco SteelPath MLP Select 40 F holds 5.75% of the stake in GEL, owning 7,043,966 shares worth 80.94 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GEL since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GEL analysts setting a high price target of $20.00 and a low target of $14.00, the average target price over the next 12 months is $17.00. Based on these targets, GEL could surge 95.69% to reach the target high and rise by 36.99% to reach the target low. Reaching the average price target will result in a growth of 66.34% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. GEL will report FY 2022 earnings on 02/16/2023. Analysts have provided yearly estimates in a range of $0.38 being high and $0.38 being low. For GEL, this leads to a yearly average estimate of $0.38. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Genesis Energy L.P. surprised analysts by -$0.14 when it reported -$0.12 EPS against a consensus estimate of $0.02. The surprise factor in the prior quarter was $0.24. Based on analyst estimates, the high estimate for the next quarter is $0.11 and the low estimate is $0.11. The average estimate for the next quarter is thus $0.11.

Summary of Insider Activity:

Insiders traded GEL stock several times over the past three months with 13 Buys and 12 Sells. In these transactions, 42,830 shares were bought while 22,830 shares were sold. The number of buy transactions has increased to 43 while that of sell transactions has risen to 36 over the past year. The total number of shares bought during that period was 138,454 while 58,454 shares were sold.

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