Which Is The Better Choice? EV Energy Partners, L.P. (NASDAQ:EVEP), Plug Power Inc(NASDAQ:PLUG) and Goodrich Petroleum Corporation (NYSE:GDP)
New York, NY – GDP INSIDER – 04/15/2014.
This article discusses three companies: EV Energy Partners, L.P. (NASDAQ:EVEP), Plug Power Inc (NASDAQ:PLUG) and Goodrich Petroleum Corporation (NYSE:GDP)
EV Energy Partners, L.P. (NASDAQ:EVEP) gained forty six cents to finish the day at a closing price of $14.92, a 3.81% increase in value that moved the stock 0.19% below its 50 day moving average of $14.97 and 42.76% away from its 200 day moving average of $25.96. Despite the gain, the stock is situated 62.40% away from its 52 week high of $39.68. With price to earnings ratio of 5.78 and earnings per share (ttm) of $2.58, the stock has potential for growth but that will largely be dependent on whether oil prices go up again.
Plug Power Inc(NASDAQ:PLUG) climbed very slightly on Friday to close up 3.09% or $0.08 at $2.67 on higher than average trading volume with only 5.61 million shares trading hands, compared to its 30 day average trading volume of 4.22 million. The alternative energy and fuel cell developer has been underperforming the S&P 500 for most of the last twelve months with it losing 61.80% of its share price for the last 52 weeks, compared to the S&P 500’s gain of 13.72%. With RSI of 48.19 and target price estimate of $3.90, the stock has strong upward potential, making it a solid hold for now.
Goodrich Petroleum Corporation (NYSE:GDP) continued its upward trend yesterday with the stock closing up 5% or $0.20 at $4.20 with 3.60 million shares traded, compared to its three month average of 3.77 million. The independent oil and gas producer has been struggling as oil prices are not stable yet and after starting the year strongly compared to the S&P 500, has been underperforming the index since July. The share price is now down 82.74% for the last 52 weeks with the S&P 500 up 13.72%. Until oil prices recover it is better to hold than buy.
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