Dresser-Randin (DRC) Focus: Stock Tumbles 7.8% – Tale of the Tape

Zacks

Dresser-Rand Group Inc. (DRC) saw a big move last session, as the company’s shares fell nearly 8% 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 most recent downtrend for DRC, as the stock is down over 9% in the last one month.

This Diversified Machinery company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. 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.

DRC currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the Oil Field Machinery and Equipment industry include Matrix Service Company (MTRX), Profire Energy, Inc. (PFIE) and ION Geophysical Corporation (IO).While Matrix Service and Profire Energy carry Zacks rank #1 (Strong Buy) , ION holds a Zacks Rank #2 (Buy).

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