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Are Oils-Energy Stocks Lagging Oceaneering International (OII) This Year?
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Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is Oceaneering International (OII - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Oceaneering International is a member of our Oils-Energy group, which includes 252 different companies and currently sits at #11 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 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. Oceaneering International is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for OII's full-year earnings has moved 11.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that OII has returned about 125.2% since the start of the calendar year. Meanwhile, the Oils-Energy sector has returned an average of 31.2% on a year-to-date basis. This shows that Oceaneering International is outperforming its peers so far this year.
Par Petroleum (PARR - 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 133.6%.
In Par Petroleum's case, the consensus EPS estimate for the current year increased 55.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Oceaneering International belongs to the Oil and Gas - Field Services industry, a group that includes 20 individual companies and currently sits at #163 in the Zacks Industry Rank. On average, stocks in this group have gained 40.8% this year, meaning that OII is performing better in terms of year-to-date returns.
On the other hand, Par Petroleum belongs to the Oil and Gas - Refining and Marketing industry. This 16-stock industry is currently ranked #24. The industry has moved +79.3% year to date.
Investors interested in the Oils-Energy sector may want to keep a close eye on Oceaneering International and Par Petroleum as they attempt to continue their solid performance.
View the Zacks #1 Rank List
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Are Oils-Energy Stocks Lagging Oceaneering International (OII) This Year?
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is Oceaneering International (OII - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Oceaneering International is a member of our Oils-Energy group, which includes 252 different companies and currently sits at #11 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 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. Oceaneering International is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for OII's full-year earnings has moved 11.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that OII has returned about 125.2% since the start of the calendar year. Meanwhile, the Oils-Energy sector has returned an average of 31.2% on a year-to-date basis. This shows that Oceaneering International is outperforming its peers so far this year.
Par Petroleum (PARR - 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 133.6%.
In Par Petroleum's case, the consensus EPS estimate for the current year increased 55.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Oceaneering International belongs to the Oil and Gas - Field Services industry, a group that includes 20 individual companies and currently sits at #163 in the Zacks Industry Rank. On average, stocks in this group have gained 40.8% this year, meaning that OII is performing better in terms of year-to-date returns.
On the other hand, Par Petroleum belongs to the Oil and Gas - Refining and Marketing industry. This 16-stock industry is currently ranked #24. The industry has moved +79.3% year to date.
Investors interested in the Oils-Energy sector may want to keep a close eye on Oceaneering International and Par Petroleum as they attempt to continue their solid performance.