Genesis Energy L.P. (GEL) Shares are Up 6.54%

Genesis Energy L.P. (GEL) : Traders are bullish on Genesis Energy L.P. (GEL) as it has outperformed the S&P 500 by a wide margin of 4.96% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.36%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.54% in the last 1 week, and is up 4.4% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 7.41% and the 50-Day Moving Average is 5.85%.The 200 Day SMA reached 16.96%

Genesis

Genesis Energy L.P. (NYSE:GEL): After opening at $37.43, the stock dipped to an intraday low of $37.13 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $38.03 and the buying power remained strong till the end. The stock closed at $37.97 for the day, a gain of 2.04% for the day session. The total traded volume was 652,418. The stocks close on the previous trading day was $37.97.

Genesis Energy L.P. (GEL) : 10 investment research analysts covering Genesis Energy L.P. (GEL) have an average price target of $41.2 for the near short term. The highest target price given by the Brokerage Firm to the stock is $53 and the lowest target is $33 for the short term. Analysts expect the variance to be within $5.41 of the average price.

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.

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