|Bid||24.58 x 100|
|Ask||24.81 x 100|
|Day's Range||24.52 - 24.87|
|52 Week Range||20.43 - 37.88|
|PE Ratio (TTM)||35.34|
|Forward Dividend & Yield||2.04 (8.14%)|
|1y Target Est||N/A|
Houston-based midstream operator Genesis Energy LP (GEL) has said it will buy out $145 million in debt in the middle of next month. The company plans to redeem the remaining notes from among the $350 million aggregate principal volume that was to be due in 2021, according to a filing with the U.S. Securities and Exchange Commission. Genesis is using part of the proceeds from a previous $450 million debt offering, which reaches maturity in 2026, that it closed in December to close out its 2021 notes, though, according to the filing, so the combined effect of those two events doesn’t net the company a reduction in debt.
The S&P 500 Index continued its blistering start to the year, reaching a new record high last week. The stock market is being propelled by building optimism about the economy’s growth and the expected benefits from the tax cut bill. News of higher dividends from several companies didn’t hurt spirits either.
In June 2017, Genesis Energy Limited (NZSE:GNE) released its latest earnings announcement, which indicated that the company faced a significant headwind with earnings declining by -35.56%. Below, I’ve presented keyRead More...
The cyclicality of the energy industry makes it hard for income investors to find high yielding stocks. However, as oil prices recover from lows in 2014, energy stocks have benefitedRead More...
Investors looking to jump into MLPs may want to get into the seven stocks I’m about to highlight – all of which yield between 5% and 8% – before they up the ante on their regular payouts.
With an ROE of 5.98%, Genesis Energy Limited (NZSE:GNE) outpaced its own industry which delivered a less exciting 5.56% over the past year. On the surface, this looks fantastic sinceRead More...
Categories: ETFs Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Genesis Energy LP. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average Bearish ... Read more (Read more...)
Announcement: Moody's Publishes Covenant Quality Assessment for Genesis Energy, L.P./ Genesis Energy Finance Corporation Bond Offering. Global Credit Research- 05 Dec 2017. New York, December 05, 2017-- ...
Rating Action: Moody's assigns B1 rating to Genesis Energy's proposed senior notes. Global Credit Research- 04 Dec 2017. $450 million of proposed notes rated.
Zacks Industry Outlook Highlights: Genesis Energy, NuStar Energy, DCP Midstream, Crestwood Equity Partners and Transocean
Genesis Energy LP (NYSE:GEL)’s sound earnings growth per share is expected to be a double-digit 49.03% over the next three years. With the recent EPS being $0.969, expected growth willRead More...
Categories: Yahoo FinanceGet free summary analysis Our analysis is based on comparing Genesis Energy LP with the following peers – Enterprise Products Partners L.P., Andeavor Logistics LP, HollyFrontier Corporation, Phillips 66, NuStar Energy L.P., Delek US Holdings Inc, Enbridge Energy Partners, L.P. Class A, Enbridge Energy Management, L.L.C., MPLX LP and Exxon Mobil Corporation (EPD-US, ANDX-US, HFC-US, ... Read more (Read more...)
Buckeye Partners is expected to grow its distribution at the fixed rate of $0.0125 per unit in 3Q17. It declared a distribution of $1.2625 per unit in 2Q17.
Genesis Energy was trading 8.5% below its 50-day simple moving average and 22.1% below its 200-day simple moving average as of October 13.
EV Energy Partners (EVEP) continued to be among the top MLP losers in the week ending October 13. EV Energy Partners fell 17.8% during the week.
The distribution cut might have shocked Genesis Energy’s (GEL) investors, but it shouldn’t have come as a surprise. Investors should have seen it coming.
Genesis Energy (GEL), the Texas-based midstream MLP, shocked its investors with a distribution cut announcement on October 12, 2017.
Golar LNG Partners (GMLP), which is involved in LNG (liquefied natural gas) shipping, floating LNG liquefaction, and floating LNG floating storage and regasification, has the eighth-highest correlation ...
Genesis Energy (GEL), a midstream MLP with high crude oil exposure through its crude oil, NGL (natural gas liquid), and refined product logistics and marketing business, has the ninth-highest correlation ...