Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Genesis Energy LP (NYSE: GEL) weakened during the last several trading days. GEL’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Genesis Energy LP (NYSE: GEL) stock closed at $13.47 on 8/1/24 after a decline of -3.4%. Moreover, this decline was accompanied by exceptionally high trading volume at 477% of normal. The stock has declined -4.2% during the last week but 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 20 but a slightly positive Power Rating of 61, resulting in the Negative Value Trend Rating.
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