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Is BP p.l.c. (BP) Stock Outpacing Its Oils-Energy Peers This Year?
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Investors focused on the Oils-Energy space have likely heard of BP p.l.c. (BP - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of BP and the rest of the Oils-Energy group's stocks.
BP p.l.c. is one of 328 companies in the Oils-Energy group. The Oils-Energy group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. BP is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for BP's full-year earnings has moved 19.65% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that BP has returned about 7.95% since the start of the calendar year. At the same time, Oils-Energy stocks have gained an average of 6.83%. This shows that BP p.l.c. is outperforming its peers so far this year.
Breaking things down more, BP is a member of the Oil and Gas - Integrated - International industry, which includes 15 individual companies and currently sits at #22 in the Zacks Industry Rank. On average, stocks in this group have gained 6.64% this year, meaning that BP is performing better in terms of year-to-date returns.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to BP as it looks to continue its solid performance.
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Is BP p.l.c. (BP) Stock Outpacing Its Oils-Energy Peers This Year?
Investors focused on the Oils-Energy space have likely heard of BP p.l.c. (BP - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of BP and the rest of the Oils-Energy group's stocks.
BP p.l.c. is one of 328 companies in the Oils-Energy group. The Oils-Energy group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. BP is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for BP's full-year earnings has moved 19.65% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that BP has returned about 7.95% since the start of the calendar year. At the same time, Oils-Energy stocks have gained an average of 6.83%. This shows that BP p.l.c. is outperforming its peers so far this year.
Breaking things down more, BP is a member of the Oil and Gas - Integrated - International industry, which includes 15 individual companies and currently sits at #22 in the Zacks Industry Rank. On average, stocks in this group have gained 6.64% this year, meaning that BP is performing better in terms of year-to-date returns.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to BP as it looks to continue its solid performance.