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Eagle & Beagle for Sept. 9

Eagle & Beagle for Sept. 9
by Don Mecoy Modified: September 7, 2012 at 9:42 pm •  Published: September 9, 2012
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Eagle & Beagle

Eagle

It's a debut appearance in this column for this week's eagle.

Units of Compressco Partners LP, an Oklahoma City-based provider of wellhead compression equipment, jumped 8 percent last week to close Friday at $17.29. In the past month, GSJK has added nearly $4.

The units are trading near the 52-week high of $18.35, which was set last spring.

The partnership has been profitable, topping analysts' estimates for revenue and earnings per share in the most recent quarter.

A few company insiders also have been accumulating the stock, which generally bodes well for the future price.

Beagle

A big dip in earnings often leads to a big dip in stock prices.

That's what happened to this week's beagle, Tulsa-based Matrix Service Co. Traders pushed the stock price down 10 percent after the company reported Wednesday that fourth-quarter income fell to $1.8 million from $5.7 million in the same period last year.

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by Don Mecoy
Business Editor
Business Editor Don Mecoy has covered business news for more than a decade after earlier working on The Oklahoman's city, state and metro news desks, including a stint as city editor. He has won state and regional journalism awards for business,...
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