We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Are Oils-Energy Stocks Lagging Array Technologies (ARRY) This Year?
Read MoreHide Full Article
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Array Technologies, Inc. (ARRY - Free Report) one of those stocks right now? 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.
Array Technologies, Inc. is one of 246 companies in the Oils-Energy group. The Oils-Energy group currently sits at #6 within 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 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. Array Technologies, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ARRY's full-year earnings has moved 10.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, ARRY has gained about 5.2% so far this year. Meanwhile, stocks in the Oils-Energy group have lost about 0.2% on average. This shows that Array Technologies, Inc. is outperforming its peers so far this year.
Petrobras (PBR - 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 30.1%.
The consensus estimate for Petrobras' current year EPS has increased 10.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Array Technologies, Inc. belongs to the Solar industry, a group that includes 17 individual stocks and currently sits at #158 in the Zacks Industry Rank. Stocks in this group have lost about 41.5% so far this year, so ARRY is performing better this group in terms of year-to-date returns.
In contrast, Petrobras falls under the Oil and Gas - Integrated - Emerging Markets industry. Currently, this industry has 2 stocks and is ranked #27. Since the beginning of the year, the industry has moved +34.5%.
Array Technologies, Inc. and Petrobras could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Oils-Energy Stocks Lagging Array Technologies (ARRY) This Year?
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Array Technologies, Inc. (ARRY - Free Report) one of those stocks right now? 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.
Array Technologies, Inc. is one of 246 companies in the Oils-Energy group. The Oils-Energy group currently sits at #6 within 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 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. Array Technologies, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ARRY's full-year earnings has moved 10.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, ARRY has gained about 5.2% so far this year. Meanwhile, stocks in the Oils-Energy group have lost about 0.2% on average. This shows that Array Technologies, Inc. is outperforming its peers so far this year.
Petrobras (PBR - 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 30.1%.
The consensus estimate for Petrobras' current year EPS has increased 10.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Array Technologies, Inc. belongs to the Solar industry, a group that includes 17 individual stocks and currently sits at #158 in the Zacks Industry Rank. Stocks in this group have lost about 41.5% so far this year, so ARRY is performing better this group in terms of year-to-date returns.
In contrast, Petrobras falls under the Oil and Gas - Integrated - Emerging Markets industry. Currently, this industry has 2 stocks and is ranked #27. Since the beginning of the year, the industry has moved +34.5%.
Array Technologies, Inc. and Petrobras could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.