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Is Baytex Energy (BTE) 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. Baytex Energy (BTE - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Baytex Energy is a member of the Oils-Energy sector. This group includes 245 individual stocks and currently holds a Zacks Sector Rank of #8. 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. Baytex Energy is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for BTE's full-year earnings has moved 53.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that BTE has returned about 17.4% since the start of the calendar year. At the same time, Oils-Energy stocks have gained an average of 8%. This shows that Baytex Energy is outperforming its peers so far this year.
Warrior Met Coal (HCC - 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 55%.
The consensus estimate for Warrior Met Coal's current year EPS has increased 1278.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Baytex Energy belongs to the Oil and Gas - Exploration and Production - Canadian industry, a group that includes 10 individual stocks and currently sits at #87 in the Zacks Industry Rank. On average, this group has gained an average of 3.9% so far this year, meaning that BTE is performing better in terms of year-to-date returns.
Warrior Met Coal, however, belongs to the Coal industry. Currently, this 8-stock industry is ranked #214. The industry has moved +23.5% so far this year.
Investors with an interest in Oils-Energy stocks should continue to track Baytex Energy and Warrior Met Coal. These stocks will be looking to continue their solid performance.
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Is Baytex Energy (BTE) 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. Baytex Energy (BTE - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Baytex Energy is a member of the Oils-Energy sector. This group includes 245 individual stocks and currently holds a Zacks Sector Rank of #8. 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. Baytex Energy is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for BTE's full-year earnings has moved 53.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that BTE has returned about 17.4% since the start of the calendar year. At the same time, Oils-Energy stocks have gained an average of 8%. This shows that Baytex Energy is outperforming its peers so far this year.
Warrior Met Coal (HCC - 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 55%.
The consensus estimate for Warrior Met Coal's current year EPS has increased 1278.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Baytex Energy belongs to the Oil and Gas - Exploration and Production - Canadian industry, a group that includes 10 individual stocks and currently sits at #87 in the Zacks Industry Rank. On average, this group has gained an average of 3.9% so far this year, meaning that BTE is performing better in terms of year-to-date returns.
Warrior Met Coal, however, belongs to the Coal industry. Currently, this 8-stock industry is ranked #214. The industry has moved +23.5% so far this year.
Investors with an interest in Oils-Energy stocks should continue to track Baytex Energy and Warrior Met Coal. These stocks will be looking to continue their solid performance.