Genesis Energy Lp Stock News

Sale of 36% stake in CHOPS not only deleverages the balance sheet, but also values the offshore business at ~12x 2023E EBITDA vs the ~8.5x implied in Street valuations.

Genesis Energy, L.P. found using ticker (GEL) have now 6 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 15 and 11 with a mean TP of 12.42. With the stocks previous close at 12.58 this would indicate that there is a downside of -1.3%. The 50 day moving average now sits at 11.35 and the 200 moving average now moves to 10.11. The company has a market cap of $1,562m. Find out more information at: /> [stock_market_widget type="chart" symbol="GEL" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company''s Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations; and in the deepwater pipeline servicing in the southern Keathley Canyon area of the Gulf of Mexico. This segment owns interests in approximately 1,422 miles of crude oil pipelines located offshore in the Gulf of Mexico.

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the following investor conferences: RBC Capital Markets 2021 Midstream and Energy Infrastructure

Following the first half of 2021, it appeared that the heavily impacted Genesis Energy had finally turned a corner with tentative signs of a recovery underway. Sadly this has not lasted into the third

Genesis Energy, L.P. (GEL) CEO Grant Sims on Q3 2021 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) will announce its earnings for the Third Quarter ended September 30, 2021 on November 4, 2021, before the market opens. Genesis Energy, L.P.'

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that, on October 5, 2021, the Board of Directors of its general partner declared a distribution on Genesis' common units and

Genesis Energy is an over-levered small-cap midstream MLP that cut its distribution last year from $2.20/unit to $0.60/unit, and the stock collapsed amid the onset of Covid19.

Genesis Energy: Finally Turning A Corner But Right As Delta Risks Loom Large

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the Citi One-on-One Midstream and Energy Infrastructure Virtual Conference. The conference is bei

Genesis Energy, L.P. (GEL) CEO Grant Sims on Q2 2021 Results - Earnings Call Transcript

A combination of falling oil prices, worries about the delta coronavirus variant, and reactions to earnings is sending most oil stocks down on Wednesday.

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced its second quarter results. We generated the following financial results for the second quarter of 2021: Net Loss Attributabl

FDMT, BOOM, FRPT, GEL and HTBK have been added to the Zacks Rank #5 (Strong Sell) List on July 23, 2021.

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) will announce its earnings for the Second Quarter ended June 30, 2021 on August 4, 2021, before the market opens. Genesis Energy, L.P.'s Seco