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Is Vaalco Energy (EGY) Outperforming Other Oils-Energy Stocks This Year?
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Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Vaalco Energy (EGY - 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.
Vaalco Energy is a member of the Oils-Energy sector. This group includes 254 individual stocks and currently holds a Zacks Sector Rank of #1. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Vaalco Energy is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for EGY's full-year earnings has moved 7.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, EGY has gained about 76.6% so far this year. At the same time, Oils-Energy stocks have gained an average of 21.1%. As we can see, Vaalco Energy is performing better than its sector in the calendar year.
One other Oils-Energy stock that has outperformed the sector so far this year is PDC Energy . The stock is up 40.4% year-to-date.
In PDC Energy's case, the consensus EPS estimate for the current year increased 32.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Vaalco Energy is a member of the Oil and Gas - Exploration and Production - International industry, which includes 9 individual companies and currently sits at #48 in the Zacks Industry Rank. Stocks in this group have gained about 70.2% so far this year, so EGY is performing better this group in terms of year-to-date returns.
In contrast, PDC Energy falls under the Oil and Gas - Exploration and Production - United States industry. Currently, this industry has 41 stocks and is ranked #55. Since the beginning of the year, the industry has moved +31.9%.
Vaalco Energy and PDC Energy 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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Is Vaalco Energy (EGY) Outperforming Other Oils-Energy Stocks This Year?
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Vaalco Energy (EGY - 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.
Vaalco Energy is a member of the Oils-Energy sector. This group includes 254 individual stocks and currently holds a Zacks Sector Rank of #1. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Vaalco Energy is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for EGY's full-year earnings has moved 7.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, EGY has gained about 76.6% so far this year. At the same time, Oils-Energy stocks have gained an average of 21.1%. As we can see, Vaalco Energy is performing better than its sector in the calendar year.
One other Oils-Energy stock that has outperformed the sector so far this year is PDC Energy . The stock is up 40.4% year-to-date.
In PDC Energy's case, the consensus EPS estimate for the current year increased 32.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Vaalco Energy is a member of the Oil and Gas - Exploration and Production - International industry, which includes 9 individual companies and currently sits at #48 in the Zacks Industry Rank. Stocks in this group have gained about 70.2% so far this year, so EGY is performing better this group in terms of year-to-date returns.
In contrast, PDC Energy falls under the Oil and Gas - Exploration and Production - United States industry. Currently, this industry has 41 stocks and is ranked #55. Since the beginning of the year, the industry has moved +31.9%.
Vaalco Energy and PDC Energy could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.