Why Genesis Energy, L.P. (NYSE:GEL) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $42.08 on Genesis Energy, L.P. (NYSE:GEL) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.30 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Genesis Energy, L.P. (NYSE:GEL) stands at 8.94.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Genesis Energy, L.P. Common Uni, the PEG ratio for coming 3-5 years is 1.46.

Technical Analysis

The technical analysis highlights that Genesis Energy, L.P. Common Uni current is trading $-0.84 points away or -2.23% from its 50-day moving average of $37.58. Further it is trading $3.81 or +11.56% away its 200-day moving average of $32.93.

The 52-week high of Genesis Energy, L.P. (NYSE:GEL) was $45.59 while lowest point recorded in 52-week was $19.55. It implies if stock price makes a movement of over $-8.85, it will record a new 52-week high. In the case of +87.93% drop, it will touch a new 52-week low.

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