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Is CVR Energy (CVI) Stock Outpacing Its Oils-Energy Peers This Year?
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The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. CVR Energy (CVI - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.
CVR Energy is one of 246 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CVR Energy is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CVI's full-year earnings has moved 40.5% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CVI has returned about 12.3% since the start of the calendar year. At the same time, Oils-Energy stocks have gained an average of 2.3%. This means that CVR Energy is performing better than its sector in terms of year-to-date returns.
Evolution Petroleum (EPM - Free Report) is another Oils-Energy stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 28.2%.
Over the past three months, Evolution Petroleum's consensus EPS estimate for the current year has increased 2.9%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, CVR Energy belongs to the Oil and Gas - Refining and Marketing industry, which includes 15 individual stocks and currently sits at #180 in the Zacks Industry Rank. On average, this group has gained an average of 2.8% so far this year, meaning that CVI is performing better in terms of year-to-date returns.
On the other hand, Evolution Petroleum belongs to the Oil and Gas - Exploration and Production - United States industry. This 40-stock industry is currently ranked #200. The industry has moved +3.5% year to date.
CVR Energy and Evolution Petroleum could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.
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Is CVR Energy (CVI) Stock Outpacing Its Oils-Energy Peers This Year?
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. CVR Energy (CVI - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.
CVR Energy is one of 246 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CVR Energy is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CVI's full-year earnings has moved 40.5% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CVI has returned about 12.3% since the start of the calendar year. At the same time, Oils-Energy stocks have gained an average of 2.3%. This means that CVR Energy is performing better than its sector in terms of year-to-date returns.
Evolution Petroleum (EPM - Free Report) is another Oils-Energy stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 28.2%.
Over the past three months, Evolution Petroleum's consensus EPS estimate for the current year has increased 2.9%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, CVR Energy belongs to the Oil and Gas - Refining and Marketing industry, which includes 15 individual stocks and currently sits at #180 in the Zacks Industry Rank. On average, this group has gained an average of 2.8% so far this year, meaning that CVI is performing better in terms of year-to-date returns.
On the other hand, Evolution Petroleum belongs to the Oil and Gas - Exploration and Production - United States industry. This 40-stock industry is currently ranked #200. The industry has moved +3.5% year to date.
CVR Energy and Evolution Petroleum could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.