Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Genesis Energy LP (NYSE: GEL) improved during the last several trading days. GEL’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Genesis Energy LP (NYSE: GEL) stock closed at $14.25 on 7/29/24 after a slight decline of -0.07%. However, this decline was accompanied by unusually low trading volume at 61% of normal. The stock is unchanged 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 C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Genesis Energy has a poor Appreciation Score of 20 but a slightly positive Power Rating of 62, producing the Low Neutral Value Trend Rating.
Be the first to comment