Bellatrix Exploration Ltd BXE is an oil and gas 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 BXE’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 Bellatrix could be a solid choice for investors.
Current Quarter Estimates for BXE
In the past 30 days, one estimate has gone higher for Bellatrix while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 3 cents a share 30 days ago, to a loss of 1 cents today, a move of 66.7%.
Current Year Estimates for BXE
Meanwhile, Bellatrix’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, narrowing from a loss of 13 cents per share 30 days ago to a loss of 5 cents per share today, an increase of 61%.
Bellatrix Exploration Ltd Price and Consensus
Bellatrix Exploration Ltd Price and Consensus | Bellatrix Exploration Ltd Quote
The stock has also started to move higher lately, adding 8.4% 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 #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Bellatrix Exploration Ltd (BXE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research