MV Oil Trust Slumps: MVO Falls 24.4% in Session – Tale of the Tape

Zacks

MV Oil Trust (MVO) saw a big move last session, as the company’s shares fell by over 24% on the day. The move came on pretty good 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 below the volatile price range of $15.15 to $16.41 in the past one-month time frame.

The oil and natural gas property owner has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings 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.

MVO currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the same sector is Western Refining, Inc. (WNR), holding a Zacks Rank #1 (Strong Buy).

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