23.77 0.00 (0.00%)
After hours: 4:19PM EDT
|Bid||21.32 x 800|
|Ask||25.15 x 2900|
|Day's Range||23.64 - 23.97|
|52 Week Range||18.42 - 27.20|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||2.12 (8.77%)|
|1y Target Est||N/A|
TC PipeLines (TCP) fell 7.5% last week. The stock has fallen 41% year-to-date. It fell significantly in March following the FERC (Federal Energy Regulatory Commission) ruling relating to cost recoveries for FERC-regulated interstate MLP pipeline rates. It then fell again in May following a distribution cut.
Holly Energy Partners (HEP), Enable Midstream Partners (ENBL), and Genesis Energy (GEL) were the top MLP gainers in the week ended September 14. The three stocks gained 5.2%, 4.9%, and 4.6%, respectively, that week. Dominion Energy Midstream Partners (DM) rose 4.5% last week. However, the stock has fallen 39% year-to-date.
On September 4, Baird cut its rating for Genesis Energy (GEL) to “neutral.” It has given the stock a price target of $26. Of the ten analysts covering Genesis Energy and surveyed by Reuters, two have rated the stock a “strong buy,” two have rated it a “buy,” and six have rated it a “hold.” The median price target for Genesis Energy is $26, which implies an upside potential of 9% from its current price of $23.89. It gave it a price target of $19.
Genesis Energy (GEL) is set to divest its Powder River Basin Midstream properties, which is expected to reduce the debt burden of the partnership.
Silver Creek is a private midstream company backed by Dallas private-equity firm Tailwater Capital LLC.
According to Wall Street analysts’ estimates, Antero Midstream Partners (AM) has a median target price of $37.8—compared to its current market price of $30.4, which implies an estimated upside of more than 24% for the next year. Analysts seem to be very optimistic about Antero Midstream Partners. Among the 14 analysts covering the stock, eight recommended a “strong buy,” while six recommended a “buy.” None of the analysts recommended a “sell” or a “hold.”
The stock market is on a bull run for the record books. If you have some money to invest and you’re not totally convinced that now is the time be stocking up on popular growth stocks, then take a look at these seven elite dividend-paying stocks. You get the best of both worlds with these dividend stocks.
Today, I will be analyzing Genesis Energy Limited’s (NZSE:GNE) recent ownership structure, an important but not-so-popular subject among individual investors. The impact of a company’s ownership structure affects both itsRead More...
I am writing today to help inform people who are new to the stock market and looking to gauge the potential return on investment in Genesis Energy LP (NYSE:GEL). GenesisRead More...
Oh, the trials and tribulations of being in the middle. Think of the poor middle child of the family. The elder sibling gets all sorts of attention as parents fret over getting everything right with their first kid. Then the next child comes along and the parents figure that they have this parenting thing down, so they don’t worry as much.
Legacy Reserves (LGCY), an upstream MLP involved in crude oil, natural gas, and NGLs (natural gas liquids) production, was the top MLP gainer in the week ending June 8. Legacy Reserves rallied 8.5% last week despite minor weakness in crude oil and natural gas prices. Overall, Legacy Reserves has gained 280.7% YTD (year-to-date). Legacy Reserves has fallen significantly from its YTD highs. The stock might continue to see high volatility in the near term due to fluctuations in crude oil prices.
So far in this series, we’ve looked at the earnings growth expectations for six midstream companies, including Noble Midstream Partners (NBLX), MPLX (MPLX), Phillips 66 Partners (PSXP), Antero Midstream Partners (AM), Andeavor Logistics (ANDX), and Energy Transfer Partners (ETP). In this part, we’ll look at the earnings expectations for Genesis Energy (GEL).
The US earnings season has begun for midstream energy companies. On April 18, 2018, Kinder Morgan (KMI) announced its first-quarter results.
While small-cap stocks, such as Genesis Energy Limited (NZSE:GNE) with its market cap of NZ$2.28B, are popular for their explosive growth, investors should also be aware of their balance sheetRead More...
Genesis Energy Limited (NZSE:GNE) trades with a trailing P/E of 21.8x, which is lower than the industry average of 22.3x. While GNE might seem like an attractive stock to buy,Read More...
In this article, I will take a quick look at Genesis Energy SA.’s (WSE:GNR) recent ownership structure – an unconventional investing subject, but an important one. Ownership structure of aRead More...
The Federal Energy Regulatory Commission announced March 15 that it will change a policy regarding master limited partnerships' tax benefits. MLPs for interstate natural gas and oil pipelines will no longer be allowed to “recover an income tax allowance in cost-of-service rates,” according to a press release . The change was spurred by an appeals court decision in United Airlines Inc. v. FERC that said FERC failed to demonstrate that a pipeline operator was not receiving “double recovery” of “both an income tax allowance and a return on equity determined by the discounted cash flow methodology,” per the release.
I am going to run you through how I calculated the intrinsic value of Genesis Energy Limited (NZSE:GNE) using the discounted cash flow (DCF) method. Anyone interested in learning aRead More...
For investors with a long-term horizon, examining earnings trend over time and against industry peers is more insightful than looking at an earnings announcement in one point in time. InvestorsRead More...
Genesis Energy LP (NYSE:GEL) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017.