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Increased Earnings Estimates Seen for Atlas Energy (ATLS): Can It Move Higher?

Zacks Equity Research

Atlas Energy, L.P (ATLS) is an oil production and pipeline 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 ATLS’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 Atlas Energy could be a solid choice for investors.

Current Quarter Estimates for ATLS

In the past 30 days, through there has been no estimate revision for Atlas Energy, the consensus trend has been pretty favorable , with estimates increasing from 20 cents a share 30 days ago, to 27 today, a move of 35.0%.

Current Year Estimates for ATLS

Meanwhile, Atlas Energy’s current year figures are also looking quite promising, as the consensus estimate trend has seen a boost in the past one month, increasing from $1.41 per share 30 days ago to $1.60 per share today, an increase of 13.5%.

Bottom Line

The stock has also started to move higher lately, adding 5.5% 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 #3 (Hold) stock to profit in the near future.

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ATLAS ENERGY LP (ATLS): Free Stock Analysis Report

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