Genesis Energy LP (GEL) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for GEL, as the stock is now down 26.7% in the past one-month time frame.
Genesis Energy has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (1 increase, no decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
GEL currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Some better-ranked stocks in the Oils-Energy sector include Murphy USA Inc. (MUSA), SandRidge Mississippian Trust I (SDT) and SunCoke Energy Inc. (SXC). All these stocks hold a Zacks Rank #1 (Strong Buy).
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