FX Energy Slumps: FXEN Plunges 10.1% in Session

Zacks

FX Energy Inc. (FXEN) saw a big move last session, as the company’s shares fell by over 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for FXEN as the stock is now up over 42% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as FX Energy has seen 1 negative revision in the past few weeks and its current year loss consensus has widened 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.

FXEN currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the International Exploration and Production industry include Vermilion Energy Inc. (VET), BPZ Resources, Inc. (BPZ) and Tullow Oil plc (TUWOY). While Vermilion Energy carries a Zacks Rank #1 (Strong Buy), BPZ Resources and Tullow Oil hold a Zacks Rank #2 (Buy).

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