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Has Denbury Resources (DNR) Outpaced Other Oils-Energy Stocks This Year?

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Investors focused on the Oils-Energy space have likely heard of Denbury Resources , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.

Denbury Resources is a member of our Oils-Energy group, which includes 323 different companies and currently sits at #9 in 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. DNR is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for DNR's full-year earnings has moved 25.66% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, DNR has moved about 102.71% on a year-to-date basis. At the same time, Oils-Energy stocks have gained an average of 1.65%. This shows that Denbury Resources is outperforming its peers so far this year.

Looking more specifically, DNR belongs to the Oil and Gas - Exploration and Production - United States industry, a group that includes 72 individual stocks and currently sits at #156 in the Zacks Industry Rank. On average, stocks in this group have lost 3.16% this year, meaning that DNR is performing better in terms of year-to-date returns.

Investors with an interest in Oils-Energy stocks should continue to track DNR. The stock will be looking to continue its solid performance.