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A statement released earlier today by RBC Capital about Genesis Energy L.P. (NYSE:GEL) lowers the target price to $28.00

Genesis Energy L.P. (NYSE:GEL) had its target price lowered to $28.00 by RBC Capital in a report released 10/13/2017. The new target price indicates a possible upside of 0.11% based on the company's last closing price.

Previously on 8/7/2017, Robert W. Baird reported on Genesis Energy L.P. (NYSE:GEL) raised the target price from $35.00 to $37.00. At the time, this indicated a possible upside of 0.24%.

Just yesterday Genesis Energy L.P. (NYSE:GEL) traded -4.70% lower at $25.14. The company’s 50-day moving average is $26.56 and its 200-day moving average is $29.63. The last closing price is down -15.14% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the same time period. 208 shares of GEL traded hands, down from an average trading volume of 547,322

Recent Performance Chart

Genesis Energy L.P. (NYSE:GEL)

Genesis Energy L.P. has 52 week low of $24.89 and a 52 week high of $37.88 with a PE ratio of 25.94 and has a market capitalization of $0.

In addition to RBC Capital reporting its stock price target, a total of 12 brokers have released a ratings update on GEL. The one year target is $38.33 with 3 firms rating the stock a strong buy, 5 firms rating the company a buy, five analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero brokerages rating the company a sell.

General Company Details For Genesis Energy L.P. (NYSE:GEL)

Genesis Energy L.P. is a limited partnership focused on the midstream segment of the oil and gas industry. The Company operates through four segments: Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of crude oil and natural gas in the Gulf of Mexico. The Refinery Services segment is involved in the processing of high sulfur (or sour) gas streams as part of refining operations to remove the sulfur and selling the related by-product, sodium hydrosulfide (NaHS). The Marine Transportation segment provides waterborne transportation of petroleum products and crude oil throughout North America. The Supply and Logistics segment is engaged in terminaling, blending, storing, marketing, and transporting crude oil and petroleum products (fuel oil, asphalt and other heavy refined products) and carbon dioxide.

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