MV Oil Trust (MVO) was a big mover last session, as the company saw its shares rise roughly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $5.45 to $6.12 since Aug 3, 2015.
This oil and natural gas property owner has seen no estimate revisions over the past 30 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
MV Oil Trust currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the same industry is Chesapeake Granite Wash Trust (CHKR), which carries a Zacks Rank #2 (Buy).
Is MVO going up? Or down? Predict to see what others think: Up or Down
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MV OIL TRUST (MVO): Free Stock Analysis Report
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