Genesis Energy LP (NYSE: GEL) has reported E.P.S. of $-0.09 for its first fiscal quarter (ending March 31) versus $-0.21 for the same period a year ago. E.P.S. were $0.34 for the latest four quarters through March 31 versus $-0.04 for the same period a year ago.
Recent Price Action
On 5/2/24, Genesis Energy LP (NYSE: GEL) stock enjoyed a large increase of 4.1%, closing at $12.25. Moreover, this advance was accompanied by above average trading volume at 146% of normal. Relative to the market the stock has been strong over the last nine months but has declined -2.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GEL is expected to continue to be a modest Value Builder.
Genesis Energy has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Genesis Energy has a poor Appreciation Score of 22 but a good Power Rating of 72, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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