Atlas Energy (ATLS) in Focus: Stock Tumbles 8.6%
Atlas Energy, L.P (ATLS) saw a big move last session, as the company’s shares fell by nearly 9% 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 ATLS, as the stock is now down over 22% in the past one-month time frame.
The oil and gas pipeline firm 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.
ATLS currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same sector include Tallgrass Energy Partners, LP (TEP), Transmontaigne Partners L.P. (TLP) and Cheniere Energy Partners LP Holdings, LLC (CQH). Tallgrass Energy and Transmontaigne Partners sport a Zacks Rank #1 (Strong Buy), whereas Cheniere Energy Partners holds a Zacks Rank #2 (Buy).
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ATLAS ENERGY LP (ATLS): Free Stock Analysis Report
TALLGRASS ENERGY PARTNERS LP (TEP): Free Stock Analysis Report
TRANSMONTAIGNE PARTNERS LP (TLP): Free Stock Analysis Report
CHENIERE ENERGY PARTNERS LP HOLD (CQH): Free Stock Analysis Report
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