Top Ranked Momentum Stocks to Buy for October 12th

WLK REI OVV

Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, October 12th:

Ring Energy, Inc. (REI - Free Report) : This exploration and production company has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.6% over the last 60 days.

 

Ring Energy’s shares gained 49.6% over the last one month against the S&P 500’s decline of 2.5%. The company possesses a Momentum Score of A.

 

Ovintiv Inc. (OVV - Free Report) : This company that engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 36.5% over the last 60 days.

 

Ovintiv’s shares gained 27.4% over the last one month. The company possesses a Momentum Score of A.

 

Earthstone Energy, Inc. : This independent oil and gas company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.2% over the last 60 days.

 

Earthstone Energy’s shares gained 30% over the last one month. The company possesses a Momentum Score of A.

 

Westlake Chemical Corporation (WLK - Free Report) : This company that manufactures and markets basic chemicals, vinyls, polymers, and building products has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.8% over the last 60 days.

 

Westlake Chemical’s shares gained 14.5% over the last one month. The company possesses a Momentum Score of A.

 

See the full list of top ranked stocks here

Learn more about the Momentum score and how it is calculated here.

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>