One stock that might be an intriguing choice for investors right now is Alon USA Energy, Inc. ( ALJ ). This is because this security in the Oil Refining and Marketing space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.ALON USA ENERGY (ALJ): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Oil Refining and Marketing space as it currently has a Zacks Industry Rank of 50 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Alon USA is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen from a loss of 16 cents per share to a loss of 5 cents per share, while current year estimates have risen from 81 cents per share to 86 cents per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal.
So, if you are looking for a decent pick in a strong industry, consider Alon USA. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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