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 Crescent Energy Company (CRGY) Outperforming Other Oils-Energy Stocks This Year?
Read MoreHide Full Article
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Crescent Energy (CRGY - 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.
Crescent Energy 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. Crescent Energy is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CRGY's full-year earnings has moved 61.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CRGY has returned 60.4% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 31.9% on a year-to-date basis. This means that Crescent Energy is outperforming the sector as a whole this year.
Another stock in the Oils-Energy sector, Chord Energy Corporation (CHRD - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 56.5%.
In Chord Energy Corporation's case, the consensus EPS estimate for the current year increased 312.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Crescent Energy is a member of the Alternative Energy - Other industry, which includes 51 individual companies and currently sits at #67 in the Zacks Industry Rank. Stocks in this group have gained about 27.2% so far this year, so CRGY is performing better this group in terms of year-to-date returns.
Chord Energy Corporation, however, belongs to the Oil and Gas - Exploration and Production - United States industry. Currently, this 35-stock industry is ranked #11. The industry has moved +32.5% so far this year.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Crescent Energy and Chord Energy Corporation as they could maintain 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 Crescent Energy Company (CRGY) Outperforming Other Oils-Energy Stocks This Year?
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Crescent Energy (CRGY - 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.
Crescent Energy 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. Crescent Energy is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CRGY's full-year earnings has moved 61.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CRGY has returned 60.4% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 31.9% on a year-to-date basis. This means that Crescent Energy is outperforming the sector as a whole this year.
Another stock in the Oils-Energy sector, Chord Energy Corporation (CHRD - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 56.5%.
In Chord Energy Corporation's case, the consensus EPS estimate for the current year increased 312.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Crescent Energy is a member of the Alternative Energy - Other industry, which includes 51 individual companies and currently sits at #67 in the Zacks Industry Rank. Stocks in this group have gained about 27.2% so far this year, so CRGY is performing better this group in terms of year-to-date returns.
Chord Energy Corporation, however, belongs to the Oil and Gas - Exploration and Production - United States industry. Currently, this 35-stock industry is ranked #11. The industry has moved +32.5% so far this year.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Crescent Energy and Chord Energy Corporation as they could maintain their solid performance.