RBC Capital Keeps a Buy Rating on Genesis Energy LP (GEL)

By Austin Angelo

In a report released yesterday, T J Schultz from RBC Capital reiterated a Buy rating on Genesis Energy LP (GELResearch Report), with a price target of $27. The company’s shares opened today at $20.38.

According to TipRanks.com, Schultz is a top 100 analyst with an average return of 16.8% and a 65.5% success rate. Schultz covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Oasis Midstream Partners Lp, and NGL Energy Partners.

Genesis Energy LP has an analyst consensus of Hold.

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The company has a one-year high of $25.52 and a one-year low of $17.55. Currently, Genesis Energy LP has an average volume of 583.5K.

Based on the recent corporate insider activity of 29 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.

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Genesis Energy LP operates as a master limited partnership, which focuses on midstream segment of the oil and gas industry. It provides suite of midstream services and produces natural soda ash.