Struggling Stocks To Consider: Civeo Corp (CVEO), Enbridge Energy Partners LP (EEP) and CubeSmart (CUBE)
New York, NY – GDP INSIDER – 05/19/2014.
This article discusses three companies: Civeo Corp (NYSE:CVEO), Enbridge Energy Partners LP (NYSE:EEP) and CubeSmart (NYSE:CUBE)
Civeo Corp (NYSE:CVEO) continued to climb yesterday closing up 0.46% or two cents at $4.37 with only 1.901 million shares changing hands compared with its three month average trading volume of 2.54 million. The recent gain moved the stock 94.22% above its 52 week low of $2.25. The stock is holding 24.98% above its 50 day moving average of $3.51 but 57.13% below its 200day moving average of $10.01. With its recent MACD bearish crossover and RSI of 60.60, the stock has not much of a potential to climb further making it a hold for now.
Enbridge Energy Partners LP (NYSE:EEP) climbed slightly yesterday, with the stock gaining 3.12% or $1.15 to close at $38.03 on fairly active trading of 0.994 million shares, compared to its three month average trading volume of 0.739 million. The crude oil and natural gas transportation company has been suffering from the weakness in oil prices and has lost 1.87% since the beginning of the year but with quarterly earnings growth of 44.40% year on year and diluted EPS of $0.74, the stock may meet its one year target estimate of $41 over the medium term, making it a solid hold at this time.
CubeSmart (NYSE:CUBE) climbed up in trading yesterday by 0.70% to finish the day at a closing price of $24.62. Volume jumped 1.659 3.4 million shares from a 1.47 million daily average. The equity real estate trust company invests in self-storage facilities in the United States and previously operated under the name U-Sore-It Trust. The stock is up by 42% over the past year and has pulled back since late January. That said, it is still up 13% year-to-date compared to the S&P 500 that is up by 3%. The sector is undergoing some consolidation and operators like CubeSmart can continue to make long-term accretive acquisitions in the space.
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