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Why Africa Oil (AOIFF) Stock Might be a Great Pick
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One stock that might be an intriguing choice for investors right now is Africa Oil Corporation (AOIFF - Free Report) . This is because this security in the Oil & Gas CDN 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 CDN Exploration & Production space as it currently has a Zacks Industry Rank of 60 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Africa Oil 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, while current quarter estimates have remained constant at a loss of 1 cent per share, current year estimates have narrowed from a loss of 7 cents per share to a loss of 6 cents per share. This has helped AOIFF 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 Africa Oil. 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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Why Africa Oil (AOIFF) Stock Might be a Great Pick
One stock that might be an intriguing choice for investors right now is Africa Oil Corporation (AOIFF - Free Report) . This is because this security in the Oil & Gas CDN 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 CDN Exploration & Production space as it currently has a Zacks Industry Rank of 60 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Africa Oil 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.
AFRICA OIL CORP Price and Consensus
AFRICA OIL CORP Price and Consensus | AFRICA OIL CORP Quote
In fact, over the past month, while current quarter estimates have remained constant at a loss of 1 cent per share, current year estimates have narrowed from a loss of 7 cents per share to a loss of 6 cents per share. This has helped AOIFF 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 Africa Oil. 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>>