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 Viper Energy Partners (VNOM - 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.
Viper Energy Partners is a member of the Oils-Energy sector. This group includes 323 individual stocks and currently holds a Zacks Sector Rank of #11. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. VNOM is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for VNOM's full-year earnings has moved 4.75% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, VNOM has returned 64.47% so far this year. In comparison, Oils-Energy companies have returned an average of 2.18%. As we can see, Viper Energy Partners is performing better than its sector in the calendar year.
To break things down more, VNOM belongs to the Oil and Gas - Exploration and Production - United States industry, a group that includes 72 individual companies and currently sits at #115 in the Zacks Industry Rank. This group has lost an average of 3.13% so far this year, so VNOM is performing better in this area.
Investors in the Oils-Energy sector will want to keep a close eye on VNOM as it attempts 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 >>
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 Viper Energy Partners (VNOM - 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.
Viper Energy Partners is a member of the Oils-Energy sector. This group includes 323 individual stocks and currently holds a Zacks Sector Rank of #11. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. VNOM is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for VNOM's full-year earnings has moved 4.75% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, VNOM has returned 64.47% so far this year. In comparison, Oils-Energy companies have returned an average of 2.18%. As we can see, Viper Energy Partners is performing better than its sector in the calendar year.
To break things down more, VNOM belongs to the Oil and Gas - Exploration and Production - United States industry, a group that includes 72 individual companies and currently sits at #115 in the Zacks Industry Rank. This group has lost an average of 3.13% so far this year, so VNOM is performing better in this area.
Investors in the Oils-Energy sector will want to keep a close eye on VNOM as it attempts 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 >>
Get the latest research report on VNOM - FREE