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Constellation Energy Slumps: CEP Falls 6.4% in Session

Zacks Equity Research

Constellation Energy Partners LLC (CEP) saw a big move last session, as the company’s shares fell by over 6% 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 CEP, as the stock is now up nearly 19% in the past one-month time frame.
The oil and gas producing company has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), 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.
CEP currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the oil and gas sector include Range Resources Corporation (RRC), Warren Resources Inc. (WRES) and Abraxas Petroleum Corp. (AXAS). While Range Resources and Warren Resources carry a Zacks Rank #1 (Strong Buy), Abraxas Petroleum holds a Zacks Rank #2 (Buy).
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RANGE RESOURCES CORP (RRC): Free Stock Analysis Report

WARREN RESOURCES INC (WRES): Free Stock Analysis Report

ABRAXAS PETROLEUM CP (AXAS): Free Stock Analysis Report

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