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Is Coterra Energy (CTRA) Outperforming Other Oils-Energy Stocks This Year?
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The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Coterra Energy (CTRA - 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? 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.
Coterra Energy is a member of our Oils-Energy group, which includes 240 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Coterra Energy is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CTRA's full-year earnings has moved 0.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, CTRA has moved about 31.3% on a year-to-date basis. Meanwhile, the Oils-Energy sector has returned an average of 30.8% on a year-to-date basis. As we can see, Coterra Energy is performing better than its sector in the calendar year.
Another stock in the Oils-Energy sector, Oil States International (OIS - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 65.6%.
The consensus estimate for Oil States International's current year EPS has increased 20.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Coterra Energy is a member of the Oil and Gas - Exploration and Production - United States industry, which includes 35 individual companies and currently sits at #41 in the Zacks Industry Rank. This group has gained an average of 35.8% so far this year, so CTRA is slightly underperforming its industry in this area.
In contrast, Oil States International falls under the Oil and Gas - Mechanical and and Equipment industry. Currently, this industry has 11 stocks and is ranked #95. Since the beginning of the year, the industry has moved +28.2%.
Coterra Energy and Oil States International 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 Coterra Energy (CTRA) Outperforming Other Oils-Energy Stocks This Year?
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Coterra Energy (CTRA - 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? 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.
Coterra Energy is a member of our Oils-Energy group, which includes 240 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Coterra Energy is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CTRA's full-year earnings has moved 0.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, CTRA has moved about 31.3% on a year-to-date basis. Meanwhile, the Oils-Energy sector has returned an average of 30.8% on a year-to-date basis. As we can see, Coterra Energy is performing better than its sector in the calendar year.
Another stock in the Oils-Energy sector, Oil States International (OIS - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 65.6%.
The consensus estimate for Oil States International's current year EPS has increased 20.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Coterra Energy is a member of the Oil and Gas - Exploration and Production - United States industry, which includes 35 individual companies and currently sits at #41 in the Zacks Industry Rank. This group has gained an average of 35.8% so far this year, so CTRA is slightly underperforming its industry in this area.
In contrast, Oil States International falls under the Oil and Gas - Mechanical and and Equipment industry. Currently, this industry has 11 stocks and is ranked #95. Since the beginning of the year, the industry has moved +28.2%.
Coterra Energy and Oil States International could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.