GEL Similar Chart Price Prediction
The price of GEL is predicted to go up 24.43%, based on the high correlation periods with MMM. The similarity of these two price pattern on the periods is 92.82%.
GEL
MMM
Up: 24.43%Similarity: 92.82%
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GEL Analyst's Forecast
Wade Suki
Capital One
Hold → Buy
2024-11-01
Price Target
n/a
Downside
0%
Capital One upgraded Genesis Energy to Overweight from Equalweight with a price target of $15, down from $16. Looking through near-term transitory issues, the free cash flow thesis for Genesis remains, "although admittedly has been reduced and pushed to the right," the analyst tells investors. A substantial drop in capex is still expected next year, coinciding with material growth in cash flows from ramping offshore volumes and continued strength in the marine segment, says the firm. Based on CapitalOne's revised forecast, the second half of 2025 is now shaping up to be the point of inflection, adds the firm, which expects the story to "migrate more toward one of capital returns as the year progresses."
Elvira Scotto
RBC Capital
Buy
2024-10-16
Price Target
$15 → $16
Upside
+18.61%
