Genesis Energy LP (GEL - Free Report) was a big mover last session, as the partnership saw its units rise above 7% on the day. The move came on solid volume with far more units changing hands than in a normal session. This breaks the recent trend of the partnership, as the stock is now trading above the volatile price range of $22.94–$30.50 in the past one-month time frame.
In the last 30 days, the partnership has seen five downward estimate revisions and the Zacks Consensus Estimate also moved lower. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Genesis Energy currently carries a Zacks Rank #5 (Strong Sell)), while its Earnings ESP is 0.00%.
A better-ranked Oil Refining & Marketing MLP is Midcoast Energy Partners, L.P. , which holds a Zacks Rank #2 (Buy).
Is GEL going up? Or down? Predict to see what others think: Up or Down
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