Undervalued Or Overrated? Key Energy Services, Inc. (KEG), Blackrock Capital Investment Corp (BKCC) and American Realty Capital Properties Inc (ARCP)
New York, NY – GDP INSIDER – 05/22/2015.
This article discusses three companies: Key Energy Services, Inc. (NYSE:KEG), Blackrock Capital Investment Corp (NASDAQ:BKCC) and American Realty Capital Properties Inc (NASDAQ:ARCP)
Key Energy Services, Inc. (NYSE:KEG) continued its recent upward trend yesterday with the stock gaining 3.60% or nine cents to close the day at $2.59 on higher than average trading volume of 3.719 million, compared to its three month average trading volume of 3.06 million. The stock is up by 56% so far this year compared to the S&P 500 which is up over 3% for the same period. However, it is down by 68% over the past year. The MFI and RSI are 68.67 and 60.23 for Key Energy Services, Inc. Neither of these indicates a positive or negative driven technical move, hold for now.
Blackrock Capital Investment Corp (NASDAQ:BKCC) declined yesterday with the stock closing down 3.93% or $0.38 to finish the day at a closing price of $9.28 on higher than average trading volume of 0.832 million compared with its three month average trading volume of 0.380 million. The shares are up by 14% over the past one year and over 13% since the beginning of the year. The stock is trading towards the upper end of its 52 week range of $$7.85 to $9.73. The technical indicators are not pointing to move in the stock one way or the other. However, with its RSI declining and bearish MACD convergence, the stock may continue to fall in the near term. At this time, it is a risky buying opportunity, but one that may be worth it over the medium term.
American Realty Capital Properties Inc (NASDAQ:ARCP) increased by just over 0.88% in yesterday’s trading session to $9.21 from its previous closing price of $9.13. The increase was not based on any news released by the company, but volume did decline to 4.510 million shares on the day. This compares to a daily average volume of 8.45 million shares. The stock is nearing its one year high of $13.04 and trading 27.22% above its one year low of $7.24. However, with quarterly revenue growth of 27.70% and RSI of 48.97, the stock has plenty of upside potential to achieve or exceed its one year price target estimate of $10.13, making it a solid hold.
About Ultimate Stock Alerts
UltimateStockAlerts.com covers NASDAQ and NYSE listed companies that are overlooked by Wall Street. Investors can choose to receive trading strategies via text message (SMS) or email. To receive free text message alerts text the word ULTIMATE to 555888 from your cell phone. For more information visit www.UltimateStockAlerts.com
Disclosure: UltimateStockAlerts.com is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit www.UltimateStockAlerts.com website, for complete risks and disclosures.