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Why Abraxas Petroleum Corporation (AXAS) Could Shock the Market Soon
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It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. Before they take the plunge, others get to know the hidden potential and enter into these stocks, pushing them out of reach.
So, instead of repenting, spotting the off-the-radar potential winners and immediately investing in them could be a smart decision.
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Abraxas Petroleum Corporation (AXAS - Free Report) .This Oils-Energy stock has actually seen estimates rise over the past month for the current fiscal year by about 21.5%. But that is not yet reflected in its price, as the stock lost 4.6% over the same time frame.
You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is 225%, which should ultimately translate into price appreciation.
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Abraxas Petroleum. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for AXAS and that now might be an interesting buying opportunity.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>
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Why Abraxas Petroleum Corporation (AXAS) Could Shock the Market Soon
It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. Before they take the plunge, others get to know the hidden potential and enter into these stocks, pushing them out of reach.
So, instead of repenting, spotting the off-the-radar potential winners and immediately investing in them could be a smart decision.
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Abraxas Petroleum Corporation (AXAS - Free Report) .This Oils-Energy stock has actually seen estimates rise over the past month for the current fiscal year by about 21.5%. But that is not yet reflected in its price, as the stock lost 4.6% over the same time frame.
Abraxas Petroleum Corp. Price and Consensus
Abraxas Petroleum Corp. Price and Consensus | Abraxas Petroleum Corp. Quote
You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is 225%, which should ultimately translate into price appreciation.
And if this isn’t enough, AXAS currently carries a Zacks Rank #1 (Strong Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Abraxas Petroleum. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for AXAS and that now might be an interesting buying opportunity.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>