Midcoast Energy Partners, L.P. (MEP – Snapshot Report) was a big mover last session, as the company saw its shares rise over 7% 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 downtrend for the company as the stock is now down 4.1% since Nov 24, 2014.
The company has seen no estimate revisions over the past 7 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Midcoast Energy Partners currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.
Better-ranked players in the same industry include Murphy USA Inc. (MUSA – Snapshot Report), Ferrellgas Partners LP (FGP – Analyst Report) and Global Partners LP (GLP – Snapshot Report). While Murphy USA sports a Zacks Rank #1 (Strong Buy), both Ferrellgas Partners and Global Partners carry a Zacks Rank #2 (Buy).
