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 Marathon Petroleum (MPC - 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.
Marathon Petroleum is a member of the Oils-Energy sector. This group includes 248 individual stocks and currently holds a Zacks Sector Rank of #12. 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Marathon Petroleum is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for MPC's full-year earnings has moved 5.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that MPC has returned about 5.5% since the start of the calendar year. Meanwhile, stocks in the Oils-Energy group have lost about 2.5% on average. This shows that Marathon Petroleum is outperforming its peers so far this year.
Par Petroleum (PARR - Free Report) is another Oils-Energy stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 11.1%.
The consensus estimate for Par Petroleum's current year EPS has increased 62.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Marathon Petroleum is a member of the Oil and Gas - Refining and Marketing industry, which includes 16 individual companies and currently sits at #17 in the Zacks Industry Rank. On average, this group has lost an average of 2.6% so far this year, meaning that MPC is performing better in terms of year-to-date returns. Par Petroleum is also part of the same industry.
Marathon Petroleum and Par Petroleum could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.
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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 Marathon Petroleum (MPC - 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.
Marathon Petroleum is a member of the Oils-Energy sector. This group includes 248 individual stocks and currently holds a Zacks Sector Rank of #12. 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Marathon Petroleum is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for MPC's full-year earnings has moved 5.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that MPC has returned about 5.5% since the start of the calendar year. Meanwhile, stocks in the Oils-Energy group have lost about 2.5% on average. This shows that Marathon Petroleum is outperforming its peers so far this year.
Par Petroleum (PARR - Free Report) is another Oils-Energy stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 11.1%.
The consensus estimate for Par Petroleum's current year EPS has increased 62.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Marathon Petroleum is a member of the Oil and Gas - Refining and Marketing industry, which includes 16 individual companies and currently sits at #17 in the Zacks Industry Rank. On average, this group has lost an average of 2.6% so far this year, meaning that MPC is performing better in terms of year-to-date returns. Par Petroleum is also part of the same industry.
Marathon Petroleum and Par Petroleum could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.
Free Report – The Bitcoin Profit Phenomenon
Zacks Investment Research has released a Special Report to help you pursue massive profits from the world’s first and largest decentralized form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%.
Zacks predicts another significant surge. Click below for Bitcoin: A Tumultuous Yet Resilient History.
Download Now – Today It’s FREE >>
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