U.S. Markets open in 7 hrs 2 mins

SandRidge Permian Trust (PER) in Focus: Stock Up 6.3%

Zacks Equity Research

SandRidge Permian Trust (PER) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 30.25% in the past one-month time frame.

None of the estimates for this U.S.-based oil exploration and production stock were revised over the past 30 days. The Zacks Consensus Estimate also 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.

SandRidge Permian Trust has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the same industry include Sandridge Mississippian Trust II (SDR), Atlas Resource Partners, L.P. (ARP) and Cheniere Energy, Inc. (LNG). While Sandridge Mississippian Trust sports a Zacks Rank #1 (Strong Buy), Atlas Resource Partners and Cheniere Energy 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 DaysClick to get this free report >>

SANDRIDGE PERMIAN TRUST (PER): Free Stock Analysis Report


ATLAS RESOURCE PARTNERS LP (ARP): Free Stock Analysis Report

CHENIERE ENERGY INC (LNG): Free Stock Analysis Report

Zacks Investment Research