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Has Apache (APA) Outpaced Other Oils-Energy Stocks This Year?
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Investors focused on the Oils-Energy space have likely heard of Apache (APA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of APA and the rest of the Oils-Energy group's stocks.
Apache is a member of our Oils-Energy group, which includes 253 different companies and currently sits at #8 in the Zacks Sector Rank. 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 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. APA is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for APA's full-year earnings has moved 398.27% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, APA has moved about 14.31% on a year-to-date basis. At the same time, Oils-Energy stocks have gained an average of 11.19%. This shows that Apache is outperforming its peers so far this year.
To break things down more, APA belongs to the Oil and Gas - Exploration and Production - United States industry, a group that includes 47 individual companies and currently sits at #79 in the Zacks Industry Rank. On average, stocks in this group have gained 26.70% this year, meaning that APA is slightly underperforming its industry 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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Has Apache (APA) Outpaced Other Oils-Energy Stocks This Year?
Investors focused on the Oils-Energy space have likely heard of Apache (APA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of APA and the rest of the Oils-Energy group's stocks.
Apache is a member of our Oils-Energy group, which includes 253 different companies and currently sits at #8 in the Zacks Sector Rank. 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 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. APA is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for APA's full-year earnings has moved 398.27% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, APA has moved about 14.31% on a year-to-date basis. At the same time, Oils-Energy stocks have gained an average of 11.19%. This shows that Apache is outperforming its peers so far this year.
To break things down more, APA belongs to the Oil and Gas - Exploration and Production - United States industry, a group that includes 47 individual companies and currently sits at #79 in the Zacks Industry Rank. On average, stocks in this group have gained 26.70% this year, meaning that APA is slightly underperforming its industry 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.