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Top Ranked Momentum Stocks to Buy for October 12th

REI, OVV, ESTE, and WLK made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 12, 2021.

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This story originally appeared on Zacks

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

- Zacks

Ring Energy, Inc. REI: 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, Inc. Price and Consensus

Ring Energy, Inc. Price and Consensus

Ring Energy, Inc. price-consensus-chart | Ring Energy, Inc. Quote

 

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: 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 Inc. Price and Consensus

Ovintiv Inc. Price and Consensus

Ovintiv Inc. price-consensus-chart | Ovintiv Inc. Quote

 

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

 

Earthstone Energy, Inc. ESTE: 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: 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.



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Westlake Chemical Corporation (WLK): Free Stock Analysis Report

 

Ring Energy, Inc. (REI): Free Stock Analysis Report

 

Earthstone Energy, Inc. (ESTE): Free Stock Analysis Report

 

Ovintiv Inc. (OVV): Free Stock Analysis Report

 

To read this article on Zacks.com click here.

 

Zacks Investment Research