Regency Energy Partners LP (RGP) was a big mover last session, as the company saw its shares rise nearly 8% 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 $24.05 to $24.70 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 higher over the same time frame, suggesting that more solid trading could be ahead for Regency Energy Partners. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Regency Energy Partners currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
However, some better-ranked stocks in the oil-energy sector include Abraxas Petroleum Corp. (AXAS), Clayton Williams Energy, Inc. (CWEI) and Harvest Natural Resources Inc. (HNR). All these carry a Zacks Rank #1 (Strong Buy).
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