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Are Oils-Energy Stocks Lagging Sunoco (SUN) 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. Sunoco LP (SUN - 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.
Sunoco LP is one of 252 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Sunoco LP is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for SUN's full-year earnings has moved 24.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, SUN has gained about 39.9% so far this year. In comparison, Oils-Energy companies have returned an average of 28.6%. As we can see, Sunoco LP is performing better than its sector in the calendar year.
One other Oils-Energy stock that has outperformed the sector so far this year is Talos Energy (TALO - Free Report) . The stock is up 41.3% year-to-date.
For Talos Energy, the consensus EPS estimate for the current year has increased 177.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Sunoco LP belongs to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, a group that includes 7 individual companies and currently sits at #9 in the Zacks Industry Rank. Stocks in this group have gained about 35.7% so far this year, so SUN is performing better this group in terms of year-to-date returns.
In contrast, Talos Energy falls under the Oil and Gas - Exploration and Production - United States industry. Currently, this industry has 34 stocks and is ranked #212. Since the beginning of the year, the industry has moved +27.3%.
Investors interested in the Oils-Energy sector may want to keep a close eye on Sunoco LP and Talos Energy as they attempt to continue their solid performance.
View the Zacks #1 Rank List
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Are Oils-Energy Stocks Lagging Sunoco (SUN) This Year?
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Sunoco LP (SUN - 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.
Sunoco LP is one of 252 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Sunoco LP is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for SUN's full-year earnings has moved 24.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, SUN has gained about 39.9% so far this year. In comparison, Oils-Energy companies have returned an average of 28.6%. As we can see, Sunoco LP is performing better than its sector in the calendar year.
One other Oils-Energy stock that has outperformed the sector so far this year is Talos Energy (TALO - Free Report) . The stock is up 41.3% year-to-date.
For Talos Energy, the consensus EPS estimate for the current year has increased 177.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Sunoco LP belongs to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, a group that includes 7 individual companies and currently sits at #9 in the Zacks Industry Rank. Stocks in this group have gained about 35.7% so far this year, so SUN is performing better this group in terms of year-to-date returns.
In contrast, Talos Energy falls under the Oil and Gas - Exploration and Production - United States industry. Currently, this industry has 34 stocks and is ranked #212. Since the beginning of the year, the industry has moved +27.3%.
Investors interested in the Oils-Energy sector may want to keep a close eye on Sunoco LP and Talos Energy as they attempt to continue their solid performance.