In a report issued on November 1, Darren Horowitz from Raymond James maintained a Buy rating on Genesis Energy LP (GEL). The company’s shares closed on Friday at $22.25.
According to TipRanks.com, Horowitz is a 4-star analyst with an average return of 2.8% and a 53.8% success rate. Horowitz covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Antero Midstream Partners, and EnLink Midstream Partners.
Currently, the analyst consensus on Genesis Energy LP is a Moderate Buy with an average price target of $27, a 21.3% upside from current levels. In a report issued on November 2, RBC Capital also upgraded the stock to Buy with a $29 price target.
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The company has a one-year high of $25.87 and a one-year low of $18.42. Currently, Genesis Energy LP has an average volume of 661.6K.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GEL in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Genesis Energy LP operates as a master limited partnership, which focuses on midstream segment of the oil and gas industry. It provides integrated suite of services to oil producers, refineries, and industrial and commercial enterprises.
