SandRidge Permian (PER) in Focus: Stock Falls 5.3%
SandRidge Permian Trust (PER) saw a big move last session, as the company’s shares fell by over 5% 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 PER, as the stock is now down over 17% since Aug 6.
The oil and natural gas royalty holder 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.
PER currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same sector include Cheniere Energy, Inc. (LNG), Sanchez Energy Corporation (SN) and Clayton Williams Energy, Inc. (CWEI). All these stocks hold a Zacks Rank #1 (Strong Buy).
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SANDRIDGE PERMIAN TRUST (PER): Free Stock Analysis Report
CHENIERE ENERGY INC (LNG): Free Stock Analysis Report
SANCHEZ ENERGY CORP (SN): Free Stock Analysis Report
CLAYTON WILLIAMS ENERGY INC (CWEI): Free Stock Analysis Report
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