Eagle Rock Energy Partners, L.P. (EROC) saw a big move last session, as the company’s shares fell nearly 17% 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 EROC, as the stock is down over 24% in the past one-month time frame.
The Oil and Gas company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (0 increase, 1 decrease), and the consensus for earnings estimate 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.
EROC currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Oil Refining and Marketing industry include Phillips 66 Partners LP (PSXP), NGL Energy Partners LP (NGL) and Sprague Resources LP (SRLP). While Phillips 66 holds a Zacks Rank #1 (Strong Buy), NGL Energy and Sprague Resources carry a Zacks Rank # 2 (Buy).
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