One stock that might be an intriguing choice for investors right now is Alon USA Partners, LP . This is because this security in the Oil Refining & Marketing MLP 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 Refining & Marketing MLP space as it currently has a Zacks Industry Rank of 43 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 Partners 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.
ALON USA PTNRS Price and Consensus
In fact, over the past month, current quarter estimates have narrowed from a loss of 17 cents per share to a loss of 1 cent per share, while current year estimates have narrowed from a loss of 35 cents per share to a loss of 15 cents per share. This has helped ALDW to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So, if you are looking for a decent pick in a strong industry, consider Alon USA Partners. 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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Alon USA Partners (ALDW): Strong Industry, Solid Earnings Estimate Revisions
One stock that might be an intriguing choice for investors right now is Alon USA Partners, LP . This is because this security in the Oil Refining & Marketing MLP 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 Refining & Marketing MLP space as it currently has a Zacks Industry Rank of 43 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 Partners 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.
ALON USA PTNRS Price and Consensus
ALON USA PTNRS Price and Consensus | ALON USA PTNRS Quote
In fact, over the past month, current quarter estimates have narrowed from a loss of 17 cents per share to a loss of 1 cent per share, while current year estimates have narrowed from a loss of 35 cents per share to a loss of 15 cents per share. This has helped ALDW to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So, if you are looking for a decent pick in a strong industry, consider Alon USA Partners. 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.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>