We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Is BP (BP) Stock Outpacing Its Oils-Energy Peers 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 BP (BP - 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.
BP is one of 251 companies in the Oils-Energy group. The Oils-Energy group currently sits at #7 within the Zacks Sector Rank. 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. BP is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BP's full-year earnings has moved 0.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, BP has gained about 11.5% so far this year. In comparison, Oils-Energy companies have returned an average of 11.1%. As we can see, BP is performing better than its sector in the calendar year.
Permian Resources (PR - 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 29%.
The consensus estimate for Permian Resources' current year EPS has increased 15.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, BP belongs to the Oil and Gas - Integrated - International industry, a group that includes 13 individual companies and currently sits at #30 in the Zacks Industry Rank. On average, this group has gained an average of 12.6% so far this year, meaning that BP is slightly underperforming its industry in terms of year-to-date returns.
Permian Resources, however, belongs to the Oil and Gas - Exploration and Production - United States industry. Currently, this 37-stock industry is ranked #143. The industry has moved +14.2% so far this year.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to BP and Permian Resources as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is BP (BP) Stock Outpacing Its Oils-Energy Peers 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 BP (BP - 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.
BP is one of 251 companies in the Oils-Energy group. The Oils-Energy group currently sits at #7 within the Zacks Sector Rank. 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. BP is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BP's full-year earnings has moved 0.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, BP has gained about 11.5% so far this year. In comparison, Oils-Energy companies have returned an average of 11.1%. As we can see, BP is performing better than its sector in the calendar year.
Permian Resources (PR - 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 29%.
The consensus estimate for Permian Resources' current year EPS has increased 15.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, BP belongs to the Oil and Gas - Integrated - International industry, a group that includes 13 individual companies and currently sits at #30 in the Zacks Industry Rank. On average, this group has gained an average of 12.6% so far this year, meaning that BP is slightly underperforming its industry in terms of year-to-date returns.
Permian Resources, however, belongs to the Oil and Gas - Exploration and Production - United States industry. Currently, this 37-stock industry is ranked #143. The industry has moved +14.2% so far this year.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to BP and Permian Resources as they could maintain their solid performance.