On Feb 26, the company announced fourth-quarter adjusted earnings of 33 cents per share, below the year-ago quarter earnings as well as the Zacks Consensus Estimate.
This slump shouldn’t be too much of a surprise to investors, as the an independent oil and gas company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
CWEI currently has a Zacks Rank #4 (Sell).
A better-ranked stock in the same sector is Midstates Petroleum Company, Inc. (MPO), holding a Zacks Rank #2 (Buy).
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