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Surging Earnings Estimates Signal Good News for Ring Energy (REI)
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Ring Energy, Inc. (REI - Free Report) is an exploration and production company engaged in oil and natural gas development that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on REI’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Ring Energy could be a solid choice for investors.
Current Quarter Estimates for REI
In the past 30 days, estimates for Ring Energy moved from a loss of a penny per share to earnings of 4 cents, which is a significant move.
Current Year Estimates for REI
Meanwhile, Ring Energy’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 8 cents per share 30 days ago to 14 cents per share today, an increase of 75%.
The stock has also started to move higher lately, adding 42.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
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Surging Earnings Estimates Signal Good News for Ring Energy (REI)
Ring Energy, Inc. (REI - Free Report) is an exploration and production company engaged in oil and natural gas development that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on REI’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Ring Energy could be a solid choice for investors.
Current Quarter Estimates for REI
In the past 30 days, estimates for Ring Energy moved from a loss of a penny per share to earnings of 4 cents, which is a significant move.
Current Year Estimates for REI
Meanwhile, Ring Energy’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 8 cents per share 30 days ago to 14 cents per share today, an increase of 75%.
Ring Energy, Inc. Price and Consensus
Ring Energy, Inc. price-consensus-chart | Ring Energy, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 42.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>