Arc Logistics (ARCX) Falls: Stock Goes Down 6.3%
Arc Logistics Partners LP (ARCX) saw a big move last session, as the company’s shares fell 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 ARCX as the stock is now up over 2% since Oct 13.
The 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 of this firm in the near future, and especially on earnings estimates following the recent slump.
ARCX currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0%.
Some better-ranked stocks in the same sector include Cheniere Energy Partners LP Holdings, LLC (CQH), EQT Midstream Partners, LP (EQM) and Transmontaigne Partners L.P. (TLP). All these stocks hold a Zacks Rank #2 (Buy).
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ARC LOGISTICS PARTNERS LP (ARCX): Free Stock Analysis Report
CHENIERE ENERGY PARTNERS LP HOLD (CQH): Free Stock Analysis Report
EQT MIDSTREAM PARTNERS LP (EQM): Free Stock Analysis Report
TRANSMONTAIGNE PARTNERS LP (TLP): Free Stock Analysis Report
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