UBS Upgrades This Energy Company to Buy
UBS upgraded its rating on Genesis Energy, LP (NYSE:GEL) from Neutral to Buy and changed its price target to $27. The shares recently traded at $25.75, up $0.73 or 2.92% on the day. The shares have traded in a 52-week range of $20.85 to $29.83 and its market capitalization is $1.85 billion. About the company: Genesis Energy, L.P. owns and operates crude oil gathering, marketing, and pipeline operations. The Company purchases and aggregates crude oil at the wellhead and at pipeline and terminal facilities for resale to refineries and other customers. Genesis Energy operates principally in Texas, Louisiana, New Mexico, Florida, Mississippi, Kansas, and Oklahoma.
(Note: Stock ratings are sourced from Briefing.com via the Wall St. Journal. Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)
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