One company that should be on your radar is US Energy Corp. ( USEG ). The stock of this independent energy company has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.ANGLO AMER -PLC (AAUKY): Get Free ReportAUGUSTA RSRC CP (AZC): Get Free ReportBHP BILLITN LTD (BHP): Free Stock Analysis ReportUS ENERGY CP-WY (USEG): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For USEG's full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to trend higher, going from 5 cents a share a month ago to its current level at 14 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, USEG has seen some pretty solid trading lately, as the company has moved higher by 14 % in the past month.
If USEG can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put USEG on your watch list for the future.
Other top-ranked stocks worth considering in this space include Anglo American plc ( AAUKY ), Augusta Resource Corp. ( AZC ) and BHP Billiton Limited ( BHP ). All these stocks carry a Zacks Rank #2 (Buy).
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