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Is Baker Hughes (BKR) Stock Outpacing Its Oils-Energy Peers 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. Is Baker Hughes (BKR - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.
Baker Hughes is a member of our Oils-Energy group, which includes 246 different companies and currently sits at #1 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. Baker Hughes is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BKR's full-year earnings has moved 0.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, BKR has moved about 17.4% on a year-to-date basis. At the same time, Oils-Energy stocks have gained an average of 4.1%. This means that Baker Hughes is outperforming the sector as a whole this year.
One other Oils-Energy stock that has outperformed the sector so far this year is Chord Energy Corporation (CHRD - Free Report) . The stock is up 23.5% year-to-date.
The consensus estimate for Chord Energy Corporation's current year EPS has increased 2.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Baker Hughes belongs to the Oil and Gas - Field Services industry, a group that includes 22 individual stocks and currently sits at #50 in the Zacks Industry Rank. On average, this group has gained an average of 15.7% so far this year, meaning that BKR is performing better in terms of year-to-date returns.
Chord Energy Corporation, however, belongs to the Oil and Gas - Exploration and Production - United States industry. Currently, this 40-stock industry is ranked #15. The industry has moved +6.1% so far this year.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Baker Hughes and Chord Energy Corporation as they could maintain their solid performance.
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Is Baker Hughes (BKR) Stock Outpacing Its Oils-Energy Peers This Year?
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is Baker Hughes (BKR - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.
Baker Hughes is a member of our Oils-Energy group, which includes 246 different companies and currently sits at #1 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. Baker Hughes is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BKR's full-year earnings has moved 0.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, BKR has moved about 17.4% on a year-to-date basis. At the same time, Oils-Energy stocks have gained an average of 4.1%. This means that Baker Hughes is outperforming the sector as a whole this year.
One other Oils-Energy stock that has outperformed the sector so far this year is Chord Energy Corporation (CHRD - Free Report) . The stock is up 23.5% year-to-date.
The consensus estimate for Chord Energy Corporation's current year EPS has increased 2.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Baker Hughes belongs to the Oil and Gas - Field Services industry, a group that includes 22 individual stocks and currently sits at #50 in the Zacks Industry Rank. On average, this group has gained an average of 15.7% so far this year, meaning that BKR is performing better in terms of year-to-date returns.
Chord Energy Corporation, however, belongs to the Oil and Gas - Exploration and Production - United States industry. Currently, this 40-stock industry is ranked #15. The industry has moved +6.1% so far this year.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Baker Hughes and Chord Energy Corporation as they could maintain their solid performance.