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NGP Capital (NGPC) in Focus: Stock Gains 8.4% in Session

Zacks Equity Research

NGP Capital Resources Company (NGPC) was a big mover last session, as the company saw its shares increasing more than 8% on the day. The move came on the back of solid volume, as far more shares changed hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $6.07 to $6.82 in the past three-month time frame.

The company has seen 3 positive estimate revisions in the past few weeks and its earnings consensus has moved higher over the past 60 days, suggesting more solid trading could be in store for NGPC. So make sure to keep an eye on this stock going forward to see if this recent surge can turn into more strength down the road.

NGPC currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Some other financial stocks worth considering include Hercules Technology Growth Capital, Inc. (HTGC), Marlin Business Services Corp. (MRLN) and Ares Capital Corporation (ARCC). All these carry the same Zacks Rank as NGPC.

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