QEP Midstream Partners (QEPM) Slumps: Stock Tanks 12.9% - Tale of the Tape
QEP Midstream Partners, LP ( QEPM ) saw a big move last session, as the company's shares fell by nearly 13% 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 most recent downtrend for QEPM, as the stock is now down about 27% since Sep 30.
QEP Midstream Partners has seen a flat track record when it comes to current year estimate revisions over the past few weeks 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.
QEPM currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Oil - Production/Pipeline industry include Tallgrass Energy Partners, LP ( TEP ), Cheniere Energy Partners LP Holdings, LLC ( CQH ) and EQT Midstream Partners, LP ( EQM ). While Tallgrass Energy Partners holds a Zacks Rank #1 (Strong Buy), Cheniere Energy Partners and EQT Midstream Partners carry a Zacks Rank #2 (Buy).