GEL Stock Summary and Trading Ideas (Genesis Energy | NYSE:GEL)

Genesis Energy LP is a United States-based limited partnership that focuses on the midstream segment of the crude oil and natural gas industry. It engages in providing services to crude oil and natural gas producers, and industrial and commercial enterprises. The company's reportable segments are offshore pipeline transportation, sodium minerals, and sulfur services, onshore facilities and transportation, and marine transportation. It generates maximum revenue from the offshore pipeline transportation segment which conducts crude oil and natural gas pipeline transportation and handling operations in the Gulf of Mexico through its offshore pipeline transportation segment, which focuses on providing a suite of services to integrated and large independent energy companies.

Genesis Energy trades on the NYSE stock market under the symbol GEL.

As of April 19, 2024, GEL stock price was flat at $11.80 with 383,471 million shares trading.

GEL has a beta of 0.78, meaning it tends to be less sensitive to market movements. GEL has a correlation of 0.07 to the broad based SPY ETF.

GEL has a market cap of $1.45 billion. This is considered a Small Cap stock.

In the last 3 years, GEL stock traded as high as $13.48 and as low as $7.49.

The top ETF exchange traded funds that GEL belongs to (by Net Assets): AMLP, MLPA, AMZA, TPYP, USAI.

GEL stock has underperformed the market in the last year with a return of +14.9%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in GEL shares. However, GEL has outperformed the market in the last 3 month and 2 week periods, returning +4.3% and -1.7%, while SPY returned +3.0% and -4.5%, respectively. This indicates GEL has been having a stronger performance recently.

GEL support price is $11.53 and resistance is $12.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GEL stock will trade within this expected range on the day.