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Is Apache (APA) 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. Is Apache (APA - Free Report) 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.
Apache is a member of the Oils-Energy sector. This group includes 331 individual stocks and currently holds a Zacks Sector Rank of #3. 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 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. APA is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for APA's full-year earnings has moved 9.65% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, APA has moved about 5.57% on a year-to-date basis. In comparison, Oils-Energy companies have returned an average of 4.76%. As we can see, Apache is performing better than its sector in the calendar year.
Looking more specifically, APA belongs to the Oil and Gas - Exploration and Production - United States industry, which includes 79 individual stocks and currently sits at #63 in the Zacks Industry Rank. Stocks in this group have gained about 1.60% so far this year, so APA is performing better this group in terms of year-to-date returns.
Investors with an interest in Oils-Energy stocks should continue to track APA. The stock will be looking to continue its solid performance.
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Is Apache (APA) 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. Is Apache (APA - Free Report) 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.
Apache is a member of the Oils-Energy sector. This group includes 331 individual stocks and currently holds a Zacks Sector Rank of #3. 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 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. APA is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for APA's full-year earnings has moved 9.65% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, APA has moved about 5.57% on a year-to-date basis. In comparison, Oils-Energy companies have returned an average of 4.76%. As we can see, Apache is performing better than its sector in the calendar year.
Looking more specifically, APA belongs to the Oil and Gas - Exploration and Production - United States industry, which includes 79 individual stocks and currently sits at #63 in the Zacks Industry Rank. Stocks in this group have gained about 1.60% so far this year, so APA is performing better this group in terms of year-to-date returns.
Investors with an interest in Oils-Energy stocks should continue to track APA. The stock will be looking to continue its solid performance.