Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, October 12th: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-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. Ring Energy, Inc. Price Ring Energy, Inc. price | Ring Energy, Inc. Quote 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-consensus-chart | Ovintiv Inc. Quote Ovintiv’s shares gained 27.4% over the last one month. The company possesses a Momentum Score of A. Ovintiv Inc. Price Ovintiv Inc. price | Ovintiv Inc. Quote 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, Inc. Price and Consensus Earthstone Energy, Inc. price-consensus-chart | Earthstone Energy, Inc. Quote Earthstone Energy’s shares gained 30% over the last one month. The company possesses a Momentum Score of A. Earthstone Energy, Inc. Price Earthstone Energy, Inc. price | Earthstone Energy, Inc. Quote 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 Corporation Price and Consensus Westlake Chemical Corporation price-consensus-chart | Westlake Chemical Corporation Quote Westlake Chemical’s shares gained 14.5% over the last one month. The company possesses a Momentum Score of A. Westlake Chemical Corporation Price Westlake Chemical Corporation price | Westlake Chemical Corporation Quote See the full list of top ranked stocks hereLearn more about the Momentum score and how it is calculated here. Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>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 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