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Is Petroleo Brasileiro S.A.- Petrobras (PBR) Stock Outpacing Its Oils-Energy Peers This Year?
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For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Petroleo Brasileiro S.A.- Petrobras (PBR - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Petroleo Brasileiro S.A.- Petrobras is a member of the Oils-Energy sector. This group includes 331 individual stocks and currently holds a Zacks Sector Rank of #2. 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. PBR is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for PBR's full-year earnings has moved 15.84% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, PBR has returned 50.53% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 4.82% on a year-to-date basis. As we can see, Petroleo Brasileiro S.A.- Petrobras is performing better than its sector in the calendar year.
Looking more specifically, PBR belongs to the Oil and Gas - Integrated - Emerging Markets industry, a group that includes 4 individual stocks and currently sits at #22 in the Zacks Industry Rank. On average, this group has gained an average of 39.84% so far this year, meaning that PBR 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 PBR as it looks to continue its solid performance.
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Is Petroleo Brasileiro S.A.- Petrobras (PBR) Stock Outpacing Its Oils-Energy Peers This Year?
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Petroleo Brasileiro S.A.- Petrobras (PBR - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Petroleo Brasileiro S.A.- Petrobras is a member of the Oils-Energy sector. This group includes 331 individual stocks and currently holds a Zacks Sector Rank of #2. 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. PBR is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for PBR's full-year earnings has moved 15.84% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, PBR has returned 50.53% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 4.82% on a year-to-date basis. As we can see, Petroleo Brasileiro S.A.- Petrobras is performing better than its sector in the calendar year.
Looking more specifically, PBR belongs to the Oil and Gas - Integrated - Emerging Markets industry, a group that includes 4 individual stocks and currently sits at #22 in the Zacks Industry Rank. On average, this group has gained an average of 39.84% so far this year, meaning that PBR 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 PBR as it looks to continue its solid performance.