Western Gas Partners LP (WES - Free Report) saw a big move last session, as the company’s shares fell by nearly 9% 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 WES, as the stock is now down over 28% in the last one month.
This slump shouldn’t be too much of a surprise to investors, as the 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.
WES currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Investors interested in the Oil–Production/Pipeline industry may consider better-ranked stock like Dominion Midstream Partners, LP (DM - Free Report) , which carries a Zacks Rank #2 (Buy).
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