Are These Stocks Showing Strong Investment Potential? Bank of Ireland (IREBY), EV Energy Partners LP (EVEP) and Zafgen Inc (ZFGN)
New York, NY – GDP INSIDER – 04/09/2015.
This article discusses three companies: Bank of Ireland (ADR) (OTCMKTS:IREBY), EV Energy Partners LP (NASDAQ:EVEP) and Zafgen Inc (NASDAQ: ZFGN)
Bank of Ireland (ADR) (OTCMKTS:IREBY) continued to gain yesterday with the stock gaining an additional 0.64% or $0.10 to close at $15.80, with 0.208 million shares changing hands compared with its 30 day average trading volume of 0.216 million. The corporate and retail banking services provider had been underperforming the S&P 500 for much of this year so far, but the recent gains have pushed the share price up 9.68% YTD compared to the S&P 500, which has lost 0.74% over the same period. The stock may be near the top of its range for now making it a hold.
EV Energy Partners LP (NASDAQ:EVEP) dropped slightly yesterday with the stock closing down 1.41% or $0.20 at $14 on very slow trading of 0.553 million shares, compared to its 30 day average trading volume of 0.557 million. The oil and natural gas property developer has been trending downwards since the third quarter of last year and is getting further downward pressure as oil prices continue to fall. What is interesting about this stock is that its earnings have beaten the market consensus estimates for the last two quarters and with RSI of 46.22, it has good upward potential making it a hold with a view to buy.
Zafgen Inc (NASDAQ: ZFGN) reversed its recent downward trend yesterday with the stock closing up 3.69% or $1.30 to finish the day at $36.57 with 0.126 million shares changing hands, compared to its 30 day average trading volume of 0.238 million. The anti-obesity therapeutics developer has been making sold gains so far this year with the stock up 18.58% YTD, outperforming the S&P 500 which is only up 1.12% for the same period. If the stock can continue to post strong earnings it should reach or exceed its one year target estimate of $59.25.
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