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11.98
1.53%
0.18
After Hours:
11.98
Why is Genesis Energy L P (GEL) Stock down?
We've noticed a 12.26% decline in Genesis Energy L P (GEL) stock during the 2024-10-31 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
09 Apr, 2024:
Genesis Energy Limited (GEL) stock experienced a decline of 5.11% due to its poor ROE, which disappointed investors' expectation.
- Low ROE:It is quite clear that Genesis Energy's ROE of $3.6 is rather low. Not just that, even compared to the industry average of 8.7%, the company's ROE is entirely unremarkable.
- Future outlook: While the company has posted impressive earnings growth 36%, its poor ROE and low earnings retention makes investors doubtful if that growth could continue, if by any chance the business is faced with any sort of risk. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down.
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