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Niska Gas Storage (NKA) in Focus: Stock Falls 5.4% in Session

Zacks Equity Research

Niska Gas Storage Partners LLC (NKA) saw a big move last session, as the company’s shares fell over 5% 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 NKA, as the stock is now up nearly 8% in the past one-month time frame.
This Oil company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate 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.
NKA currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
Investors interested in the Oil Production industry may consider better-ranked stocks like EnLink Midstream, LLC (ENLC), Holly Energy Partners L.P (HEP) and EQT Midstream Partners, LP (EQM). All these stocks carry a Zacks Rank #1 (Strong Buy).
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ENLINK MIDSTREAM LLC (ENLC): Free Stock Analysis Report

HOLLY ENERGY PARTNERS LP (HEP): Free Stock Analysis Report

EQT MIDSTREAM PARTNERS LP (EQM): Free Stock Analysis Report

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