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Markets · Investing · Business
Finance
Down 14% From Its High, Is Genesis Energy a Buy?
Genesis Energy is in a correction, but it's also showing signs of life, indicating it might be worth nibbling at.
The pipeline stock universe is littered with large-cap companies, many of which are familiar to income investors. So it stands to reason that amid a recent tidal wave of midstream payout increases, some companies go overlooked.
Such is life for Genesis Energy(NYSE: GEL), a small-cap provider of pipeline infrastructure services. The stock is off nearly 14% from its 52-week high, confirming a correction. However, the stock jumped 7% over the past month, perhaps signaling the worst is behind it and momentum is on its side.
This high-dividend stock is in a correction, but it's starting to bounce back. Image source: Getty Images.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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