Niska Gas Storage Partners LLC (NKA) is an Oil Production company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on NKA’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Niska Gas Storage could be a solid choice for investors.
Current Quarter Estimates for NKA
In the past 30 days, there has been no estimate revision, but the trend has been pretty favorable, with estimates increasing from 13 cents a share 30 days ago, to 21 today, a move of 61.5%.
Current Year Estimates for NKA
Meanwhile, Niska Gas Storage’s current year figures are also looking quite promising, as the consensus estimate trend has seen a boost for this time frame, increasing from 96 cents per share 30 days ago to $1.11 per share today, an increase of 15.6%.
Bottom Line
The stock has also started to move higher lately, adding 10.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.
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NISKA GAS STORAGE PARTNERS LLC (NKA): Free Stock Analysis Report
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