One company that should be on your radar is Knightsbridge Tankers Limited VLCCF. The stock of this Bermuda based shipping company has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For VLCCF's full year estimate, we have seen 2 estimates go higher in the past 30 days, compared to no estimate moving lower. This trend has helped the consensus estimate to trend higher, going from 33 cents a share a month ago to its current level at 60 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, VLCCF has seen some pretty solid trading lately, as the company has moved higher by 44.65% in the past month.
If Knightsbridge can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put VLCCF on your watch list for the future.
Other top-ranked stocks worth considering in this space include Star Bulk Carriers Corp. SBLK, Teekay Tankers Ltd. TNK and Nordic American Tankers Limited NAT. Among these stocks, Star Bulk carries a Zacks Rank #1 (Strong Buy) and Teekay and Nordic American carry a Zacks Rank #2(Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
NORDIC AMERICAN NAT: Free Stock Analysis Report
STAR BULK CARRS SBLK: Free Stock Analysis Report
TEEKAY TANKERS TNK: Free Stock Analysis Report
KNIGHTSBRIDGE VLCCF: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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This positive shift in estimates has made some investors take notice and buy the stock. In fact, VLCCF has seen some pretty solid trading lately, as the company has moved higher by 44.65% in the past month.
If Knightsbridge can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put VLCCF on your watch list for the future.
Other top-ranked stocks worth considering in this space include Star Bulk Carriers Corp. SBLK, Teekay Tankers Ltd. TNK and Nordic American Tankers Limited NAT. Among these stocks, Star Bulk carries a Zacks Rank #1 (Strong Buy) and Teekay and Nordic American carry a Zacks Rank #2(Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
NORDIC AMERICAN NAT: Free Stock Analysis Report
STAR BULK CARRS SBLK: Free Stock Analysis Report
TEEKAY TANKERS TNK: Free Stock Analysis Report
KNIGHTSBRIDGE VLCCF: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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