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Is OMV (OMVKY) 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 OMV AG (OMVKY - 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.
OMV AG is a member of our Oils-Energy group, which includes 244 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. OMV AG is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for OMVKY's full-year earnings has moved 9.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, OMVKY has moved about 45.9% on a year-to-date basis. In comparison, Oils-Energy companies have returned an average of 9.5%. This means that OMV AG is outperforming the sector as a whole this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Par Petroleum (PARR - Free Report) . The stock has returned 172.5% year-to-date.
In Par Petroleum's case, the consensus EPS estimate for the current year increased 366% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, OMV AG belongs to the Oil and Gas - Integrated - International industry, a group that includes 17 individual companies and currently sits at #149 in the Zacks Industry Rank. Stocks in this group have gained about 11.5% so far this year, so OMVKY is performing better this group in terms of year-to-date returns.
On the other hand, Par Petroleum belongs to the Oil and Gas - Refining and Marketing industry. This 15-stock industry is currently ranked #89. The industry has moved +21.7% year to date.
OMV AG and Par Petroleum could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.
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Is OMV (OMVKY) 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 OMV AG (OMVKY - 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.
OMV AG is a member of our Oils-Energy group, which includes 244 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. OMV AG is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for OMVKY's full-year earnings has moved 9.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, OMVKY has moved about 45.9% on a year-to-date basis. In comparison, Oils-Energy companies have returned an average of 9.5%. This means that OMV AG is outperforming the sector as a whole this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Par Petroleum (PARR - Free Report) . The stock has returned 172.5% year-to-date.
In Par Petroleum's case, the consensus EPS estimate for the current year increased 366% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, OMV AG belongs to the Oil and Gas - Integrated - International industry, a group that includes 17 individual companies and currently sits at #149 in the Zacks Industry Rank. Stocks in this group have gained about 11.5% so far this year, so OMVKY is performing better this group in terms of year-to-date returns.
On the other hand, Par Petroleum belongs to the Oil and Gas - Refining and Marketing industry. This 15-stock industry is currently ranked #89. The industry has moved +21.7% year to date.
OMV AG and Par Petroleum could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.