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FX Energy (FXEN) in Focus: Stock Rises 6.5% in Session

Zacks Equity Research
Updated

FX Energy Inc. FXEN was a big mover last session, as the company saw its shares rise roughly 7% on the day. Shares moved up after the company inked an agreement to be acquired by ORLEN Upstream. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $0.90 to $1.11 in the past one-month time frame.

None of the estimates for this International E&P 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.

FX Energy carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

However, a better-ranked stock in the same space is Beach Energy Limited BCHEY, sporting a Zacks Rank #1 (Strong Buy).

Is FXEN going up? Or down? Predict to see what others think: Up or Down

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.  Click to get this free report >>
 


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
BEACH ENERGY LT (BCHEY): Free Stock Analysis Report
 
FX ENERGY INC (FXEN): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research