Genesis Energy L.P. (GEL) : 6 brokerage houses believe that Genesis Energy L.P. (GEL) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Genesis Energy L.P. (GEL). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 1.73.
Genesis Energy L.P. (GEL) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $53 and the lowest price target forecast is $33. The average forecast of all the analysts is $41.2 and the expected standard deviation is $5.41.
Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Genesis Energy L.P. (NYSE:GEL). Barclays has a Equal-weight rating on the shares. As per the latest research report, the brokerage house raises the price target to $36 per share from a prior target of $33. The rating by the firm was issued on August 10, 2016.
Genesis Energy L.P. (NYSE:GEL): After opening at $33.56, the stock dipped to an intraday low of $33.51 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $34.3 and the buying power remained strong till the end. The stock closed at $33.86 for the day, a gain of 0.59% for the day session. The total traded volume was 502,836. The stocks close on the previous trading day was $33.66.
Genesis Energy, L.P. (Genesis) is a master limited partnership focused on the midstream segment of the oil and gas industry in the Gulf Coast region of the United States and the Gulf of Mexico. The Company operates through five segments: Onshore Pipeline Transportation, Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. The Onshore Pipeline Transportation segment is engaged in transporting crude oil and carbon dioxide. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of crude oil in the Gulf of Mexico. The Refinery Services segment provides services to refining operations primarily in Texas, Louisiana, Arkansas, Oklahoma and Utah. The Marine Transportation segment provides waterborne transportation of petroleum products and crude oil throughout North America. The Supply and Logistics segment provides supply and logistics services for crude oil and petroleum products, and carbon dioxide.