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Has Helix Energy Solutions Group (HLX) Outpaced Other Oils-Energy Stocks This Year?
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Investors focused on the Oils-Energy space have likely heard of Helix Energy Solutions Group (HLX - 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 HLX and the rest of the Oils-Energy group's stocks.
Helix Energy Solutions Group is a member of the Oils-Energy sector. This group includes 323 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. HLX is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for HLX's full-year earnings has moved 16.88% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, HLX has returned 17.51% so far this year. In comparison, Oils-Energy companies have returned an average of 0.95%. This shows that Helix Energy Solutions Group is outperforming its peers so far this year.
Breaking things down more, HLX is a member of the Oil and Gas - Field Services industry, which includes 36 individual companies and currently sits at #211 in the Zacks Industry Rank. This group has lost an average of 15.19% so far this year, so HLX is performing better in this area.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to HLX as it looks to continue its solid performance.
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Has Helix Energy Solutions Group (HLX) Outpaced Other Oils-Energy Stocks This Year?
Investors focused on the Oils-Energy space have likely heard of Helix Energy Solutions Group (HLX - 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 HLX and the rest of the Oils-Energy group's stocks.
Helix Energy Solutions Group is a member of the Oils-Energy sector. This group includes 323 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. HLX is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for HLX's full-year earnings has moved 16.88% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, HLX has returned 17.51% so far this year. In comparison, Oils-Energy companies have returned an average of 0.95%. This shows that Helix Energy Solutions Group is outperforming its peers so far this year.
Breaking things down more, HLX is a member of the Oil and Gas - Field Services industry, which includes 36 individual companies and currently sits at #211 in the Zacks Industry Rank. This group has lost an average of 15.19% so far this year, so HLX is performing better in this area.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to HLX as it looks to continue its solid performance.