EPL Oil & Gas (EPL): Strong Industry, Solid Earnings Estimate Revisions - Tale of the Tape
May 14 2014 - 9:00AM
Zacks
One
stock that might be an intriguing choice for investors right now is
EPL Oil & Gas, Inc. (EPL). This is because
this security in the oil and natural gas exploration and production
space is seeing solid earnings estimate revision activity, and is
in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all
boats in an industry, as there can be broad trends taking place in
a segment that are boosting securities across the board. This is
arguably taking place in the oil and natural gas exploration and
production space as it currently has a Zacks Industry Rank of 51
out of more than 250 industries, suggesting it is well-positioned
from this perspective, especially when compared to other segments
out there.
Meanwhile, EPL Oil & Gas is actually looking pretty good on its
own too. The firm has seen solid earnings estimate revision
activity over the past month, suggesting analysts are becoming a
bit more bullish on the firm’s prospects in both the short and long
term.
In fact, over the past month, current quarter estimates have risen
from 55 cents per share to 61 cents per share, while current year
estimates have risen from $2.31 per share to $2.52 per share. This
has helped EPL to earn a Zacks Rank 1 (Strong Buy), further
underscoring the company’s solid position.
So, if you are looking for a decent pick in a strong industry,
consider EPL Oil & Gas. Not only is its industry currently in
the top third, but it is seeing solid estimate revisions as of
late, suggesting it could be a very interesting choice for
investors seeking a name in this great industry segment.
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