Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is Denbury Resources one of those stocks right now? 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.
Denbury Resources is a member of our Oils-Energy group, which includes 598 different companies and currently sits at #7 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. DNR is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for DNR's full-year earnings has moved 30.03% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that DNR has returned about 46.61% since the start of the calendar year. Meanwhile, stocks in the Oils-Energy group have gained about 4.40% on average. This means that Denbury Resources is performing better than its sector in terms of year-to-date returns.
Looking more specifically, DNR belongs to the Oil and Gas - Exploration and Production - United States industry, which includes 164 individual stocks and currently sits at #165 in the Zacks Industry Rank. This group has gained an average of 0.41% so far this year, so DNR is performing better in this area.
Investors with an interest in Oils-Energy stocks should continue to track DNR. The stock will be looking to continue its solid performance.
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Is Denbury Resources (DNR) Outperforming Other Oils-Energy Stocks This Year?
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is Denbury Resources one of those stocks right now? 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.
Denbury Resources is a member of our Oils-Energy group, which includes 598 different companies and currently sits at #7 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 is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. DNR is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for DNR's full-year earnings has moved 30.03% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that DNR has returned about 46.61% since the start of the calendar year. Meanwhile, stocks in the Oils-Energy group have gained about 4.40% on average. This means that Denbury Resources is performing better than its sector in terms of year-to-date returns.
Looking more specifically, DNR belongs to the Oil and Gas - Exploration and Production - United States industry, which includes 164 individual stocks and currently sits at #165 in the Zacks Industry Rank. This group has gained an average of 0.41% so far this year, so DNR is performing better in this area.
Investors with an interest in Oils-Energy stocks should continue to track DNR. The stock will be looking to continue its solid performance.