Boston, MA 04/04/2014 (wallstreetpr) – There is no doubt that energy stocks are among the top rated potential best performers currently. With that in mind, the next challenge is picking the best energy stock among the crowd because not every energy stock presents the same opportunity. Ring Energy Inc (NYSEMKT:REI) is one energy stock which comes across endowed with interesting opportunities.
The stock’s momentum is encouraging and it is also attracting positive earnings estimate revision. On these two grounds, it is easy to see that the stock presents a good opportunity for investors seeking solid entry into the energy sector.
Stock price momentum
Ring Energy Inc (NYSEMKT:REI) has witnessed compelling short-term momentum. That in the past 30 days shares have jumped almost 9 percent. Looking at the earnings estimate revisions around the stock and the prospects in the energy sector, it is safe to say that the stock still has a lot of room to rise.
Positive earnings estimate
Earnings estimates are vital to determine analyst sentiments around a stock. Ring Energy Inc (NYSEMKT:REI) is one stock with positive earnings estimates for the current quarter and fiscal year. Thus, suggesting that analysts are optimistic about the stock’s profitable future. In the past 30 days, there have been no negative or positive adjustments in the earnings estimates for the stock. However, consensus estimates have moved in the right direction over the past 30 days, making 50 percent jump from 2 cents to 3 cents per share.
As for the current fiscal year, the stock has received two positive earnings estimate revisions against one negative revision in the past 30 days. Thus, the consensus view has moved in the right direction, jumping from breakeven 30 days ago to 42 cents per share currently.
Bottom line
Looking at the decent short-term momentum in the stock and the widely bullish sentiments from analysts, Ring Energy Inc (NYSEMKT:REI) comes across as a safe and potentially rewarding stock to enter the energy sector.
