One stock that might be an intriguing choice for investors right now is Ring Energy, Inc. (REI Quick QuoteREI - Free Report) . This is because this security in the Oil & Gas-US Exploration & Production space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

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 & Gas-US Exploration & Production space as it currently has a Zacks Industry Rank of 42 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Ring Energy is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the two past months, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

RING ENERGY INC Price and Consensus

RING ENERGY INC Price and Consensus | RING ENERGY INC Quote

In fact, over the past two months, current quarter estimates have narrowed from a loss of 6 cents per share to a loss of 3 cents per share, while current year loss estimates have narrowed from 22 cents per share to 9 cents per share. This has helped REI to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position.

So, if you are looking for a decent pick in a strong industry, consider Ring Energy. 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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