Stock Rating Downgrade
The Value Trend Rating for Genesis Energy LP (NYSE: GEL) weakened during the last several trading days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Genesis Energy LP (NYSE: GEL) stock closed at $13.26 on 5/20/24 after an increase of 1.2%. Moreover, above average trading volume at 148% of normal accompanied the advance. The stock has risen 1.8% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
GEL is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Genesis Energy has a current Value Trend Rating of D (Negative). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Genesis Energy has a poor Appreciation Score of 21 but a slightly positive Power Rating of 64, producing the Negative Value Trend Rating.
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