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Are Oils-Energy Stocks Lagging PattersonUTI Energy (PTEN) 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. Is Patterson-UTI (PTEN - 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.
Patterson-UTI is one of 252 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #12 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 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. Patterson-UTI is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for PTEN's full-year earnings has moved 80.2% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, PTEN has gained about 56.1% so far this year. At the same time, Oils-Energy stocks have gained an average of 24%. This shows that Patterson-UTI is outperforming its peers so far this year.
SunCoke Energy (SXC - Free Report) is another Oils-Energy stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 33.6%.
Over the past three months, SunCoke Energy's consensus EPS estimate for the current year has increased 60%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Patterson-UTI belongs to the Oil and Gas - Drilling industry, which includes 9 individual stocks and currently sits at #184 in the Zacks Industry Rank. This group has gained an average of 31.7% so far this year, so PTEN is performing better in this area.
SunCoke Energy, however, belongs to the Coal industry. Currently, this 8-stock industry is ranked #30. The industry has moved -8.5% so far this year.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Patterson-UTI and SunCoke Energy as they could maintain their solid performance.
View the Zacks #1 Rank List
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Are Oils-Energy Stocks Lagging PattersonUTI Energy (PTEN) This Year?
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Patterson-UTI (PTEN - 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.
Patterson-UTI is one of 252 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #12 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 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. Patterson-UTI is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for PTEN's full-year earnings has moved 80.2% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, PTEN has gained about 56.1% so far this year. At the same time, Oils-Energy stocks have gained an average of 24%. This shows that Patterson-UTI is outperforming its peers so far this year.
SunCoke Energy (SXC - Free Report) is another Oils-Energy stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 33.6%.
Over the past three months, SunCoke Energy's consensus EPS estimate for the current year has increased 60%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Patterson-UTI belongs to the Oil and Gas - Drilling industry, which includes 9 individual stocks and currently sits at #184 in the Zacks Industry Rank. This group has gained an average of 31.7% so far this year, so PTEN is performing better in this area.
SunCoke Energy, however, belongs to the Coal industry. Currently, this 8-stock industry is ranked #30. The industry has moved -8.5% so far this year.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Patterson-UTI and SunCoke Energy as they could maintain their solid performance.