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Is CORE LABS INC (CLB) 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 Core Laboratories (CLB - 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.
Core Laboratories is one of 247 companies in the Oils-Energy group. The Oils-Energy group currently sits at #14 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. Core Laboratories is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CLB's full-year earnings has moved 4.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CLB has returned about 6.4% since the start of the calendar year. At the same time, Oils-Energy stocks have gained an average of 5.5%. This means that Core Laboratories is outperforming the sector as a whole this year.
Ranger Energy (RNGR - 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 22.4%.
The consensus estimate for Ranger Energy's current year EPS has increased 79.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Core Laboratories belongs to the Oil and Gas - Field Services industry, which includes 24 individual stocks and currently sits at #188 in the Zacks Industry Rank. On average, stocks in this group have lost 3.4% this year, meaning that CLB is performing better in terms of year-to-date returns. Ranger Energy is also part of the same industry.
Investors interested in the Oils-Energy sector may want to keep a close eye on Core Laboratories and Ranger Energy as they attempt to continue their solid performance.
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Is CORE LABS INC (CLB) 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 Core Laboratories (CLB - 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.
Core Laboratories is one of 247 companies in the Oils-Energy group. The Oils-Energy group currently sits at #14 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. Core Laboratories is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CLB's full-year earnings has moved 4.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CLB has returned about 6.4% since the start of the calendar year. At the same time, Oils-Energy stocks have gained an average of 5.5%. This means that Core Laboratories is outperforming the sector as a whole this year.
Ranger Energy (RNGR - 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 22.4%.
The consensus estimate for Ranger Energy's current year EPS has increased 79.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Core Laboratories belongs to the Oil and Gas - Field Services industry, which includes 24 individual stocks and currently sits at #188 in the Zacks Industry Rank. On average, stocks in this group have lost 3.4% this year, meaning that CLB is performing better in terms of year-to-date returns. Ranger Energy is also part of the same industry.
Investors interested in the Oils-Energy sector may want to keep a close eye on Core Laboratories and Ranger Energy as they attempt to continue their solid performance.