Earnings Estimates Moving Higher for BPZ Resources (BPZ): Time to Buy?
BPZ Resources, Inc. (BPZ) is a Texas based oil and gas exploration and production company 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 BPZ’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 BPZ Resources could be a solid choice for investors.
Current Quarter Estimates for BPZ
In the past 30 days, 3 estimates have gone higher for BPZ Resources while no estimate moved lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from loss of 7 cents a share 30 days ago, to loss of 5 cents today, a move of 28.6%.
Current Year Estimates for BPZ
Meanwhile, BPZ Resources’ current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none moving lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from loss of 19 cents per share 30 days ago to loss of 15 cents per share today, an improvement of 21.1%.
Bottom Line
The stock has also started to move higher lately, adding 42.59% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.
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BPZ RESOURCES INC (BPZ): Free Stock Analysis Report
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