Weakness Seen in AmeriGas (APU): Stock Tumbles 7%

Zacks

AmeriGas Partners LP (APU) saw a big move last session, as the company’s shares fell over 7% 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 APU, as the stock is now down about 1% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the retail propane marketer 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.

APU currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Some better-ranked stocks in the same sector include Alon USA Partners, LP (ALDW), Athlon Energy Inc. (ATHL) and Western Gas Equity Partners, LP (WGP). While Alon USA and Athlon Energy carry a Zacks Rank #1 (Strong Buy), Western Gas hold a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>>






AMERIGAS PARTNERS L P (APU): Free Stock Analysis Report

ALON USA PARTNERS LP (ALDW): Free Stock Analysis Report

ATHLON ENERGY INC (ATHL): Free Stock Analysis Report

WESTERN GAS EQUITY PARTNERS LP (WGP): Free Stock Analysis Report


Zacks Investment Research

View Comments (2)