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Pacific Coast Oil Trust ROYT saw a big move last session, as the company's shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $12.72 to $13.06 in the past one-month time frame.
The oil and gas holding company 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.
ROYT currently has a Zacks Rank #3 (Hold) while itsEarnings ESP is 0.00%.
Some better-ranked stocks from the broader energy sector include EXCO Resources Inc. XCO, Magellan Midstream Partners LP MMP and Flotek Industries Inc. FTK. All these stocks hold a Zacks Rank #1 (Strong 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 >>
The oil and gas holding company 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.
ROYT currently has a Zacks Rank #3 (Hold) while itsEarnings ESP is 0.00%.
Some better-ranked stocks from the broader energy sector include EXCO Resources Inc. XCO, Magellan Midstream Partners LP MMP and Flotek Industries Inc. FTK. All these stocks hold a Zacks Rank #1 (Strong 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 >>
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 reportPAC COAST OIL ROYT: Free Stock Analysis Report
EXCO RESOURCES XCO: Free Stock Analysis Report
MAGELLAN MDSTRM MMP: Free Stock Analysis Report
FLOTEK INDU INC FTK: Free Stock Analysis Report
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