Business Services Industry
Zacks Buy List Highlights: Bucyrus International, EOG Resources, Whiting Petroleum Corporation and Pioneer Drilling Company
Business Wire, April 1, 2008
CHICAGO -- Zacks.com releases the latest list of Zacks Rank Buy Stocks. Every day on Zacks.com, four stock picks are made based on criteria for the each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum and Value. The four Zacks Rank Buy stocks highlighted today are Bucyrus International, Inc. (Nasdaq: BUCY), EOG Resources, Inc. (NYSE: EOG), Whiting Petroleum Corporation (NYSE: WLL) and Pioneer Drilling Company (AMEX: PDC).
Stocks ranked #1 (Strong Buy) by Zacks have produced an average annual return of +32.2% since inception in 1988. During the 2000-2002 bear market, Zacks #1 Rank stocks gained 43.8% while the S&P 500 tumbled -37.6%. To see the full Zacks #1 Rank (Strong Buy) List, or the rank for any other stock, visit: http://at.zacks.com/?id=88
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Here is a synopsis of today's Zacks Rank Buy Stocks:
Aggressive Growth - Bucyrus International, Inc. (Nasdaq: BUCY)
Bucyrus International is thriving despite a poor economic backdrop. Booming commodities markets and strong global growth are accounting for the success. Over the past four quarters, the company has posted an average surprise of 15.6%. During the past two months, this year's earnings estimates have increased 39 cents to $5.14 per share.
Zacks Guide to Aggressive Growth Investing (free!): http://at.zacks.com/?id=4309
Growth & Income - EOG Resources, Inc. (NYSE: EOG)
EOG Resources, Inc. is drilling for profits as natural gas prices keep rising. On Feb 28, EOG announced two major new crude discoveries which the company expects to begin producing by next year. The company beat on estimates in the fourth quarter by 20.56% and has surprised in three of the last four quarters by an average of 9.86%.
Zacks Guide to Growth & Income Investing (free!): http://at.zacks.com/?id=4310
Momentum - Whiting Petroleum Corporation (NYSE: WLL)
Whiting Petroleum Corporation has been pumping up its profits as energy prices continue to accelerate. The company reported awesome fourth quarter results that included an amazing 63% jump in earnings. Estimates continue to be increased by the analyst community, and the company is projecting production growth of more than 5% in 2008. With the high-demand summer season close at hand this is another energy company that looks well positioned to benefit from the trend.
Zacks Guide to Momentum Investing (free!): http://at.zacks.com/?id=4311
Value - Pioneer Drilling Company (AMEX: PDC)
Pioneer Drilling is growing as this oil and gas services company diversifies geographically around the United States and dips its toe into international expansion. The company has surprised on estimates the last two quarters on average of 27.78%.
Zacks Guide to Value Investing (free!): http://at.zacks.com/?id=4312
The free special report, "Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions," provides an insightful background about this wealth-building tool. Download your free copy of the report now to prosper in the years to come by visiting http://at.zacks.com/?id=93.
About the Zacks Rank
Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank stocks have generated an average annual return of +32.2%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have underperformed the S&P 500 by 129% annually (+5.3% vs. +12.1%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros http://at.zacks.com/?id=91
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