Constellation Energy Slumps: CEP Falls 6.4% in Session - Tale of the Tape
Constellation Energy Partners LLC ( CEP ) saw a big move last session, as the company's shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for CEP, as the stock is now up nearly 19% in the past one-month time frame.
The oil and gas producing company has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
CEP currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the oil and gas sector include Range Resources Corporation ( RRC ), Warren Resources Inc. ( WRES ) and Abraxas Petroleum Corp. ( AXAS ). While Range Resources and Warren Resources carry a Zacks Rank #1 (Strong Buy), Abraxas Petroleum holds a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
ABRAXAS PETE/NV (AXAS): Free Stock Analysis Report
CONSTELLTN ENGY (CEP): Get Free Report
RANGE RESOURCES (RRC): Free Stock Analysis Report
WARREN RSRCS (WRES): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research