Genesis Energy LP (NYSE: GEL) stock suffered a major decline of -12.3% on 10/31/24. The shares closed at $11.31. Moreover, this decline was accompanied by exceptionally high trading volume at 691% of normal. The stock has declined -13.0% 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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Genesis Energy has a poor Appreciation Score of 28 but a slightly positive Power Rating of 70, producing the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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