Atlas Resource Partners, L.P. ( ARP ) saw a big move last session, as the company's shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for ARP, as the stock is now down nearly 9% in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the oil and gas company's current year consensus for loss has widened over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
Atlas Resource currently has a Zacks Rank #3 (Hold) while its Earnings ESP
Some better-ranked stocks from the same sector include Range Resources Corporation
), World Point Terminals, LP
), Abraxas Petroleum Corp.
). While Range Resources holds a Zacks Rank #1 (Strong Buy), Abraxas Petroleum and World Point Terminals sport a Zacks Rank #2 (Buy)
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. Click to get this free report >>ATLAS RES PTNRS (ARP): Free Stock Analysis ReportABRAXAS PETE/NV (AXAS): Free Stock Analysis ReportRANGE RESOURCES (RRC): Free Stock Analysis ReportWORLD POINT TER (WPT): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research