Atlas Pipeline Partners, L.P. (APL) saw a big move in the last trading session, as the company’s shares fell by over 6% 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 APL as the stock is now down over 5% in the past one month time-frame.
The company, which operates in the gathering and processing segments of the midstream natural gas industry, has seen 1 negative estimate revision over the past month, and its current year earnings consensus has also moved lower over the same period. 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 decline will continue, as the earnings picture definitely suggests that this might be the case.
APL currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the Oil & Gas Production industry include Crestwood Equity Partners LP (CEQP), Spectra Energy Partners, LP (SEP) and Energy Transfer Equity, L.P. (ETE). While Crestwood carries a Zacks Rank #1 (Strong Buy), Spectra and Energy Transfer hold a Zacks Rank #2 (Buy).
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