Not sure how you get PE of 14. PE is 5 for 2016 based on $5.80 avg. forecast earnings and if they can make $3 - $3.5 in 2017 then PE will be around 9. Very cheap stock! I think funds are accumulating. Its now a valuation play. Its also a possible buyout candidate. Being short is very risky now and if they legislate more stringent tanker car requirements again soon then it will send these stocks up sharply.
This will continue to be volatile. May see $26 again on a bad day. I don't see this going to $20 with those kind of earnings. Even if 2017 earnings are only $3.00/share I don't see justification in a much lower price unless entire economy crashes. The dividend should also support the price. What we need is some INSIDER BUYING.
Probably a temporary capitulation of shorts. Those that shorted prior to earnings and are happy with $3 move are getting out. Some shorts may not see much more downside below $26.
Imagine if any of the FANG stocks had EPS like this... This makes no sense. They even added 1700 units to the backlog last quarter. Buffet must be looking at this company and salivating.
So who is selling their shares with $5.70 - $5.90/share in forecast earnings???? At this rate the company can buy back nearly every outstanding share in 5 years.