Investors focused on the Oils-Energy space have likely heard of Petroleo Brasileiro S.A.- Petrobras (PBR - Free Report) , 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.
Petroleo Brasileiro S.A.- Petrobras 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 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 #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for PBR's full-year earnings has moved 27.27% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, PBR has moved about 6.22% on a year-to-date basis. Meanwhile, stocks in the Oils-Energy group have gained about 1.65% on average. This means that Petroleo Brasileiro S.A.- Petrobras is outperforming the sector as a whole this year.
To break things down more, PBR belongs to the Oil and Gas - Integrated - Emerging Markets industry, a group that includes 3 individual companies and currently sits at #24 in the Zacks Industry Rank. On average, this group has gained an average of 16.43% so far this year, meaning that PBR is slightly underperforming its industry 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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors focused on the Oils-Energy space have likely heard of Petroleo Brasileiro S.A.- Petrobras (PBR - Free Report) , 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.
Petroleo Brasileiro S.A.- Petrobras 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 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 #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for PBR's full-year earnings has moved 27.27% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, PBR has moved about 6.22% on a year-to-date basis. Meanwhile, stocks in the Oils-Energy group have gained about 1.65% on average. This means that Petroleo Brasileiro S.A.- Petrobras is outperforming the sector as a whole this year.
To break things down more, PBR belongs to the Oil and Gas - Integrated - Emerging Markets industry, a group that includes 3 individual companies and currently sits at #24 in the Zacks Industry Rank. On average, this group has gained an average of 16.43% so far this year, meaning that PBR is slightly underperforming its industry 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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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