Dresser-Rand Group Inc. (DRC) was a big mover last session, as the company saw its shares rise over 12% on the day. The move came on solid 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 above the volatile price range of $60.42 to $63.73 in the past one-month time frame.
The company has seen no estimate revision in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Dresser-Rand Group currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Some better-ranked stocks in the oil field machine and equipment industry include Cameron International Corporation (CAM), Dril-Quip, Inc. (DRQ) and Forum Energy Technologies, Inc. (FET). All these stocks have a Zacks Rank #2 (Buy).
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