NEW YORK (TheStreet) -- Shares of Union Pacific (UNP) fell 0.6% to $101.78 in late morning trading Thursday as railroad stocks declined after Kansas City Southern (KSU) withdrew its 2015 revenue and volume guidance at an investor conference.
Executives at the company cautioned investors about the "uncertainty" in the energy markets, U.S. fuel prices, and currency volatility at the Bank of America/Merrill Lynch Transportation Conference, according to the Wall Street Journal.
The company reiterated its operating ratio goal of low-60s by 2017 and authorized a share buyback program of up to $500 million.
The news sent down other railroad stocks, such as Union Pacific and Canadian National Railway (CNI), on Thursday.
More than 5 million shares of Union Pacific had changed hands as of 11:26 a.m., compared to the daily average volume of 4,886,920.
Separately, TheStreet Ratings team rates UNION PACIFIC CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate UNION PACIFIC CORP (UNP) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, notable return on equity and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."