We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 APA (APA) 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. Has APA (APA - Free Report) been one of those stocks this year? 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.
APA is one of 240 companies in the Oils-Energy group. The Oils-Energy group currently sits at #1 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. APA is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for APA's full-year earnings has moved 132.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, APA has returned 57.1% so far this year. In comparison, Oils-Energy companies have returned an average of 28.1%. This means that APA is performing better than its sector in terms of year-to-date returns.
Another stock in the Oils-Energy sector, Gran Tierra Energy (GTE - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 107.6%.
Over the past three months, Gran Tierra Energy's consensus EPS estimate for the current year has increased 10.7%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, APA belongs to the Oil and Gas - Exploration and Production - United States industry, a group that includes 35 individual companies and currently sits at #8 in the Zacks Industry Rank. On average, this group has gained an average of 27.9% so far this year, meaning that APA is performing better in terms of year-to-date returns.
On the other hand, Gran Tierra Energy belongs to the Oil and Gas - Exploration and Production - Canadian industry. This 8-stock industry is currently ranked #24. The industry has moved +36.6% year to date.
Investors with an interest in Oils-Energy stocks should continue to track APA and Gran Tierra Energy. These stocks will be looking to continue their solid performance.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Is APA (APA) 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. Has APA (APA - Free Report) been one of those stocks this year? 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.
APA is one of 240 companies in the Oils-Energy group. The Oils-Energy group currently sits at #1 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. APA is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for APA's full-year earnings has moved 132.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, APA has returned 57.1% so far this year. In comparison, Oils-Energy companies have returned an average of 28.1%. This means that APA is performing better than its sector in terms of year-to-date returns.
Another stock in the Oils-Energy sector, Gran Tierra Energy (GTE - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 107.6%.
Over the past three months, Gran Tierra Energy's consensus EPS estimate for the current year has increased 10.7%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, APA belongs to the Oil and Gas - Exploration and Production - United States industry, a group that includes 35 individual companies and currently sits at #8 in the Zacks Industry Rank. On average, this group has gained an average of 27.9% so far this year, meaning that APA is performing better in terms of year-to-date returns.
On the other hand, Gran Tierra Energy belongs to the Oil and Gas - Exploration and Production - Canadian industry. This 8-stock industry is currently ranked #24. The industry has moved +36.6% year to date.
Investors with an interest in Oils-Energy stocks should continue to track APA and Gran Tierra Energy. These stocks will be looking to continue their solid performance.