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Surging Earnings Estimates Signal Good News for BPZ Resources (BPZ) - Tale of the Tape

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 loss estimates narrowing down from 4 cents 30 days ago, to 2 cents today, a move of 50.0%.

Current Year Estimates for BPZ

Meanwhile, BPZ Resources' current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to none moving lower. The loss estimate trend has also seen a boost for this time frame, narrowing down from 15 cents per share 30 days ago to break even today, an improvement of 100.0%.

Bottom Line

The stock has also started to move higher lately, adding 23.14% 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 (BPZ): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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