Arc Logistics Partners LP (ARCX) saw a big move last session, as the company’s shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $17.06–$20.06 in the past one-month time frame, showed a sharp decline yesterday at $17.21.

This slump shouldn’t be too much of a surprise to investors, as the crude oil storage and transportation firm has seen its current year earnings consensus has moved lower over the last 60 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

ARCX currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.

A better-ranked stock in the same sector is Cheniere Energy Partners LP. (CQP), holding a Zacks Rank #1 (Strong Buy).

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ARC LOGISTICS (ARCX): Free Stock Analysis Report
 
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