Genesis Energy (NYSE:GEL) Stock

Genesis Energy

Genesis Energy LP is a limited partnership company that focuses on the midstream segment of the crude oil and natural gas industry. It engages in providing services to crude oil and natural gas producers, and industrial and commercial enterprises. The company's reportable segments are offshore pipeline transportation, sodium minerals, and sulfur services, onshore facilities and transportation, and marine transportation. It generates maximum revenue from the offshore pipeline transportation segment which conducts crude oil and natural gas pipeline transportation and handling operations in the Gulf of Mexico through its offshore pipeline transportation segment, which focuses on providing a suite of services to integrated and large independent energy companies.

Genesis Energy LP

GRAPHANO ENERGY LTD by GRAPHANO ENERGY LTD

Graphano Energy Ltd

CHATHAM ROCK PHOSPHTE LTD by Chatham Rock Phosphate Ltd.

Chatham Rock Phosphate Ltd

Gelion PLC

GENESIS EGY PFD A by Genesis Energy, L.P.

Gelteq Ltd

GREEN ENERGY LIVE INC by Green Energy Live, Inc.

Green Energy Live Inc

GEELY AUTOMBLE HLDGS LTD by Geely Automobile Holdings Ltd.

Geely Automobile Holdings Ltd

GEELY AUTOMBL HL UNSP/ADR by Geely Automobile Holdings Ltd.

Earnings

News

CORRECTION: Genesis Energy Q1 EPS $(0.60) Down From $(0.15) YoY, Sales $398.31M Down From $434.45M YoY

Genesis Energy Says Given Recent Equity And Bond Market Volatility, The Firm Does Not Anticipate Seeing Any Significant, Much Less Material, Impact From Proposed Or Increased Tariffs

AAOI

ABCL

ABEV

ACIC

ACIW

ACMR

ACTG

AFRM

AKAM

AKBA

ALGM

ALIT

ALRM

ALXO

Amplify YieldShares Oil Hedged MLP Income ETF

AMLX

AMPX

AMTX

APPN

APYX

AQMS

ARGX

ARHS

ARKO

ARLO

ASPN

ASTH

Adtalem Global Education Inc. Common Stock

ATGE

ATHM

ATUS

AUTL

AVAH

AVPT

AXGN

BAER

BBDC

BIGC

BILL

BIRD

BlackSky Technology Inc. Class A Common Stock

BKSY

BLFS

BLND

CARG

CARS

CBLL

CBUS

CCEC

CCOI

CCRD

CDTX

CION

CLAR

CLFD

CLNE

CLSK

CMPS

CMRE

CODX

COIN

COLD

COLL

COMP

CRNX

CRON

CROX

CRVS

CTEV

CTKB

CTLP

CVRX

DAVE

DCGO

DCTH

DIOD

DKNG

Earnings Scheduled For May 8, 2025

As of March 21, 2025, two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.&nbsp;
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Genesis Energy, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>)</h3>
<ul>
<li>On March 17, Wells Fargo upgraded the stock from Equal-Weight to Overweight and raised its price target from $15 to $18. RBC Capital also raised its price target on the stock. The company's stock gained around 25% over the past month and has a <a href="https://www.benzinga.com/quote/GEL">52-week high of $15.27</a>.</li>
<li>RSI Value: 80.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>GEL Price Action: Shares of Genesis Energy gained 1.6% to close at $15.05 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">KNOT Offshore Partners LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNOP#NYSE">KNOP</a>)</h3>
<ul>
<li>On March 19, KNOT Offshore Partners posted better-than-expected fourth-quarter sales. Derek Lowe, Chief Executive Officer and Chief Financial Officer of KNOT Offshore Partners LP, stated, &#8220;We are pleased to report another strong performance in Q4 2024, marked by safe operation at 98.3% fleet utilization from scheduled operations, consistent revenue and operating income generation, and material progress in securing additional charter coverage for our fleet." The company's stock gained around 25% over the past month and<a href="https://www.benzinga.com/quote/KNOP"> has a 52-week high</a> of $9.11.</li>
<li>RSI Value: 82.7</li>
<li>KNOP Price Action: Shares of KNOT Offshore Partners gained 12.3% to close at $6.32 on Thursday.</li>
</ul>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/03/44414749/top-2-defensive-stocks-that-may-keep-you-up-at-night-in-march">Top 2 Defensive Stocks That May Keep You Up At Night In March</a></li>
</ul>
Photo: Shutterstock

Short Ideas

Pre-Market Outlook

Markets

Trading Ideas

KNOP

Top 2 Energy Stocks That May Collapse In Q1

WIIM

Genesis Energy shares are trading higher after Wells Fargo upgraded the stock from Equal-Weight to Overweight and raised its price target from $15 to $18. RBC Capital also raised its price target on the stock.

CLMT

CSAN

GEVO

GPRE

MPLX

NCSM

NEHC

OPAL

TRGP

Shares of oil and gas companies are trading higher amid weakness in the dollar after the US launched strikes on Houthi targets. Additionally, strong Chinese economic data could be lifting the demand outlook.

RBC Capital analyst Elvira Scotto maintains Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) with a Outperform and raises the price target from $14 to $15.

Price Target

Analyst Ratings

RBC Capital Maintains Outperform on Genesis Energy, Raises Price Target to $15

Wells Fargo analyst Michael Blum upgrades Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) from Equal-Weight to Overweight and raises the price target from $15 to $18.

Upgrades

Wells Fargo Upgrades Genesis Energy to Overweight, Raises Price Target to $18

Wells Fargo analyst Michael Blum maintains Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) with a Equal-Weight and raises the price target from $12 to $15.

Wells Fargo Maintains Equal-Weight on Genesis Energy, Raises Price Target to $15

Asset Sales

Genesis Energy Announces The Sale Of Its Alkali Business For ~$1.01B In Cash, Net Of All Adjustments And After Payment Of Transaction Expenses

Genesis Energy shares are trading higher. The company reported Q4 financial results.

Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) reported quarterly losses of $(0.58) per share. This is a 625 percent decrease over losses of $(0.08) per share from the same period last year. The company reported $725.553 million in sales this quarter. This is a 6.27 percent decrease over sales of $774.104 million the same period last year.

Genesis Energy Q4 2024 GAAP EPS $(0.58) Down From $(0.08) YoY, Sales $725.553M Down From $774.104M YoY

ABNB

AENT

AGIO

ALNY

AMAT

APDN

AVNT

BENF

BFAM

BLIN

BPMC

BRKR

BTOC

CBRE

CEVA

CLBT

CNVS

COHU

CYBR

DDOG

DNOW

DXCM

EEFT

EGAN

ELME

ELVA

FBRT

FROG

GDDY

GEHC

GPMT

Hannon Armstrong Sustainable Infrastructure Capital

HASI

HIMX

HOUS

HTGC

IMPP

INFA

IRDM

IRMD

ISSC

KELYA

KELYB

KNSL

LECO

LGCY

LPTH

NTWK

NVMI

Earnings Scheduled For February 13, 2025

Genesis Energy, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) announced today, in connection with our previously announced cash tender offer (the "Tender Offer") for our 8.0% Senior Notes due 2027 ( "Notes"), that we have increased the maximum aggregate principal amount of Notes that we will accept for purchase in the Tender Offer from $385 million to $575 million (as hereby amended, the "Tender Offer Cap"), on the terms and conditions of the offer to purchase, dated as of December 5, 2024 (as amended by the terms set forth herein, the "Offer to Purchase").

Offerings

Genesis Energy, L.P. Announces Increase To Previously Announced Tender Offer For Its 8.0% Senior Notes Due 2027 From $385M To $575M

Genesis Energy, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) today announced the commencement of a cash tender offer to purchase up to $385 million (the "Tender Cap") of the outstanding aggregate principal amount of the 8.0% senior notes due 2027 (the "Notes") that we co-issued with our subsidiary, Genesis Energy Finance Corporation (such transaction, the "Tender Offer"). As of December 5, 2024, $981,245,000 aggregate principal amount of the Notes were outstanding. The Tender Offer is being made pursuant to the terms and conditions of an offer to purchase, dated as of December 5, 2024 (as may be amended or supplemented from time to time, the "Offer to Purchase").

Genesis Energy Announces Tender Offer For Up To $385M Aggregate Principal Amount Of Its 8.0% Senior Notes Due 2027

Capital One analyst Wade Suki upgrades Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) from Equal-Weight to Overweight.

Capital One Upgrades Genesis Energy to Overweight

Genesis Energy shares are trading lower after the company reported a year-over-year decrease in Q3 revenue results.

Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) reported quarterly losses of $(0.32) per share. The company reported $714.297 million in sales this quarter. This is a 11.56 percent decrease over sales of $807.618 million the same period last year.

Genesis Energy Q3 2024 GAAP EPS $(0.32), Sales $714.297M Down From $807.618M YoY

RBC Capital analyst Elvira Scotto maintains Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) with a Outperform and raises the price target from $15 to $16.

RBC Capital Maintains Outperform on Genesis Energy, Raises Price Target to $16

Today, we are announcing the Board has approved an increase of&nbsp;$0.015&nbsp;in the quarterly distribution per common unit starting with the 3Q distribution, which is scheduled to be paid on November 14, 2024. This represents a&nbsp;10%&nbsp;increase over the distribution declared with respect to the&nbsp;second quarter&nbsp;of 2024 and yet only represents an incremental annual cash cost of approximately&nbsp;$7.3 million. The Board believes this is an important first step and should affirm the confidence we all have in the future of our businesses. Subject to future Board deliberation and approval, we could envision this common unit distribution growth continuing in coming quarters and years as we realize increasing Adjusted EBITDA and benefit from reduced cash obligations resulting from the redemption of high coupon securities in our capital structure

Genesis Energy Announces An Increase Of $0.015 In The Quarterly Distribution Per Common Unit Starting With The 3Q Distribution

Comments

Genesis Energy

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL