Genesis Energy L.P. (GEL) : On Friday, The money flowed into the Genesis Energy L.P. (GEL) stock with an uptick to downtick ratio was recorded at 2.29. Transactions worth $8.33 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $3.63 million. The total money flow into the stock was $4.7 million. The block trades reveal a bullish bias with an up-down ratio of 3.81. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $5.55 million of block transactions on upticks. The value of block trades on downticks was $1.46 million, indicating lower selling interest. The total money flow in block trades was $4.1 million. In terms of price action, Genesis Energy L.P. (GEL) traded down $2.06 during the session at $37.84. Compared to the previous days closing, the stock was down only by -5.16%. For the week, the stock is -6.01%, over previous weeks closing.
Genesis Energy L.P. (GEL) : 9 Wall Street analysts covering Genesis Energy L.P. (GEL) believe that the average level the stock could reach for the short term is $39. The maximum price target given is $44 and the minimum target for short term is around $33, hence the standard deviation is calculated at $4.18.
Genesis Energy L.P. (NYSE:GEL): On Fridays trading session , Opening price of the stock was $37.76 with an intraday high of $37.89. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $37.35. However, the stock managed to close at $37.87, a loss of 5.09% for the day. On the previous day, the stock had closed at $39.9. The total traded volume of the day was 7,940,007 shares.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Genesis Energy Lp, Taylor Jack T had purchased shares worth of $247,700 in a transaction dated on February 29, 2016. A total of 10,000 shares were purchased at a price of $24.77 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Genesis Energy, L.P. (Genesis) is a master limited partnership focused on the midstream segment of the oil and gas industry in the Gulf Coast region of the United States and the Gulf of Mexico. The Company operates through five segments: Onshore Pipeline Transportation, Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. The Onshore Pipeline Transportation segment is engaged in transporting crude oil and carbon dioxide. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of crude oil in the Gulf of Mexico. The Refinery Services segment provides services to refining operations primarily in Texas, Louisiana, Arkansas, Oklahoma and Utah. The Marine Transportation segment provides waterborne transportation of petroleum products and crude oil throughout North America. The Supply and Logistics segment provides supply and logistics services for crude oil and petroleum products, and carbon dioxide.