Genesis Energy, L.P. (NYSE:GEL) has been upgraded to Hold in a statement by Zacks Investment Research today.
- Updated: October 16, 2016
Just yesterday Genesis Energy, L.P. (NYSE:GEL) traded 0.87% higher at $36.20. GEL’s 50-day average is $35.83 and its two hundred day average is $35.78. With the last stock price up 0.96% relative to the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 222,324 shares of the stock were exchanged, down from an average trading volume of 621,312
Zacks Investment Research has upgraded Genesis Energy, L.P. (NYSE:GEL) to Hold in a report released on 10/11/2016.
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Genesis Energy, L.P. has a 52 week low of $19.55 and a 52 week high of $44.00 with a PE ratio of 8.79 GEL’s total market value is presently $0.
A total of 12 equity analysts have issued a report on the stock. Three brokerages rating the company a strong buy, 5 brokerages rating the stock a buy, five analysts rating the stock a hold, 0 firms rating the company a underperform, and finally zero brokers rating the stock a sell with a average stock price target of $38.33.
Brief Synopsis On 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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