Genesis Energy, L.P. (NYSE:GEL) has been downgraded to Strong Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 4, 2016
Zacks Investment Research has downgraded Genesis Energy, L.P. (NYSE:GEL) to Strong Sell in a statement released on 10/5/2016.
On 8/04/2016, Citigroup released a statement about Genesis Energy, L.P. (NYSE:GEL) dropped the target price from $46.00 to $43.00 that suggested an upside of 0.23%.
Having a price of $37.12, Genesis Energy, L.P. (NYSE:GEL) traded -0.22% lower on the day. With the last stock price up 4.36% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. GEL has recorded a 50-day average of $35.87 and a two hundred day average of $35.57. Trade Volume was down over the average, with 274,330 shares of GEL changing hands under the typical 630,737
Recent Performance Chart
Genesis Energy, L.P. has PE ratio of 9.03 with a one year low of $19.55 and a one year high of $44.32 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its target price, a total of 12 firms have issued a report on the stock. The consensus target price is $38.33 with 3 firms rating the stock a strong buy, 5 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About 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 five segments: Offshore Pipeline Transportation, Onshore 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 Onshore Pipeline Transportation segment is engaged in the transportation of crude oil and carbon dioxide (CO2). The Refinery Services segment is involved in the processing of high sulfur (or sour) gas streams 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 and CO2.
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