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Are Oils-Energy Stocks Lagging Enerflex Ltd. (EFXT) 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. Has Enerflex (EFXT - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Enerflex is one of 238 companies in the Oils-Energy group. The Oils-Energy group currently sits at #6 within 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. Enerflex is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for EFXT's full-year earnings has moved 18.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, EFXT has moved about 63.6% on a year-to-date basis. Meanwhile, the Oils-Energy sector has returned an average of 20.8% on a year-to-date basis. This shows that Enerflex is outperforming its peers so far this year.
One other Oils-Energy stock that has outperformed the sector so far this year is Halliburton (HAL - Free Report) . The stock is up 24.2% year-to-date.
Over the past three months, Halliburton's consensus EPS estimate for the current year has increased 6%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Enerflex belongs to the Alternative Energy - Other industry, a group that includes 50 individual companies and currently sits at #159 in the Zacks Industry Rank. On average, this group has gained an average of 19.2% so far this year, meaning that EFXT is performing better in terms of year-to-date returns.
In contrast, Halliburton falls under the Oil and Gas - Field Services industry. Currently, this industry has 19 stocks and is ranked #110. Since the beginning of the year, the industry has moved +31.5%.
Enerflex and Halliburton could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
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Are Oils-Energy Stocks Lagging Enerflex Ltd. (EFXT) This Year?
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Enerflex (EFXT - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Enerflex is one of 238 companies in the Oils-Energy group. The Oils-Energy group currently sits at #6 within 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. Enerflex is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for EFXT's full-year earnings has moved 18.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, EFXT has moved about 63.6% on a year-to-date basis. Meanwhile, the Oils-Energy sector has returned an average of 20.8% on a year-to-date basis. This shows that Enerflex is outperforming its peers so far this year.
One other Oils-Energy stock that has outperformed the sector so far this year is Halliburton (HAL - Free Report) . The stock is up 24.2% year-to-date.
Over the past three months, Halliburton's consensus EPS estimate for the current year has increased 6%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Enerflex belongs to the Alternative Energy - Other industry, a group that includes 50 individual companies and currently sits at #159 in the Zacks Industry Rank. On average, this group has gained an average of 19.2% so far this year, meaning that EFXT is performing better in terms of year-to-date returns.
In contrast, Halliburton falls under the Oil and Gas - Field Services industry. Currently, this industry has 19 stocks and is ranked #110. Since the beginning of the year, the industry has moved +31.5%.
Enerflex and Halliburton could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.