Barclays Capital reissued their buy rating on shares of Genesis Energy, L.P. (NYSE:GEL) in a research report released on Tuesday morning, AnalystRatingsNetwork reports. Barclays Capital currently has a $54.00 price objective on the stock.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Genesis Energy, L.P. from $55.00 to $56.00 in a research note to investors on Tuesday. They now have a buy rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Genesis Energy, L.P. from $55.00 to $57.00 in a research note to investors on Friday, August 2nd. They now have an outperform rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Genesis Energy, L.P. from $51.00 to $54.00 in a research note to investors on Thursday, July 25th. They now have an outperform rating on the stock.
Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $49.22.
Genesis Energy, L.P. (NYSE:GEL) opened at 48.55 on Tuesday. Genesis Energy, L.P. has a one year low of $30.86 and a one year high of $55.99. The stock has a 50-day moving average of $50.45 and a 200-day moving average of $49.06. The company has a market cap of $4.027 billion and a P/E ratio of 36.50.
Genesis Energy, L.P. (NYSE:GEL) is a limited partnership focused on the midstream segment of the oil and gas industry in the Gulf Coast region of the United States, primarily Texas, Louisiana, Arkansas, Mississippi, Alabama and Florida.
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