Stock in Focus: Genesis Energy LP (GEL)

Company Profile:

Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico. The company was founded in 1996 and is headquartered in Houston, Texas.

Recent News:

The company will announce its earnings for the Fourth Quarter ended December 31, 2020 on February 18, 2021, before the market opens. Genesis Energy, L.P.’s Fourth Quarter Earnings Conference Call will be held Thursday, February 18, 2021, at 8:30 a.m. Central time (9:30 a.m. Eastern time).

on January 13, 2021, the Board of Directors of its general partner declared a distribution on Genesis’ common units and 8.75% Class A Convertible Preferred Units attributable to the quarter ended December 31, 2020. These distributions will be paid on February 12, 2021 to holders of record at the close of business on January 29, 2021.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

GEL’s strengths can be seen in its better profitability and better solvency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, the MACD is trying to cross back up and the RSI stands at 47.97 with positive bias. We rate Genesis Energy LP (GEL) a STRONG BUY.

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