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Are Oils-Energy Stocks Lagging Kosmos Energy (KOS) This Year?
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For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Kosmos Energy (KOS - 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? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.
Kosmos Energy is one of 251 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #6 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Kosmos Energy is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for KOS' full-year earnings has moved 87.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, KOS has moved about 222.9% on a year-to-date basis. Meanwhile, stocks in the Oils-Energy group have gained about 33.6% on average. This means that Kosmos Energy is outperforming the sector as a whole this year.
One other Oils-Energy stock that has outperformed the sector so far this year is Oceaneering International (OII - Free Report) . The stock is up 114.9% year-to-date.
For Oceaneering International, the consensus EPS estimate for the current year has increased 11.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Kosmos Energy belongs to the Oil and Gas - Exploration and Production - International industry, which includes 9 individual stocks and currently sits at #211 in the Zacks Industry Rank. On average, stocks in this group have gained 81.7% this year, meaning that KOS is performing better in terms of year-to-date returns.
In contrast, Oceaneering International falls under the Oil and Gas - Field Services industry. Currently, this industry has 19 stocks and is ranked #159. Since the beginning of the year, the industry has moved +45.8%.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Kosmos Energy and Oceaneering International as they could maintain their solid performance.
View the Zacks #1 Rank List
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Are Oils-Energy Stocks Lagging Kosmos Energy (KOS) This Year?
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Kosmos Energy (KOS - 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? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.
Kosmos Energy is one of 251 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #6 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Kosmos Energy is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for KOS' full-year earnings has moved 87.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, KOS has moved about 222.9% on a year-to-date basis. Meanwhile, stocks in the Oils-Energy group have gained about 33.6% on average. This means that Kosmos Energy is outperforming the sector as a whole this year.
One other Oils-Energy stock that has outperformed the sector so far this year is Oceaneering International (OII - Free Report) . The stock is up 114.9% year-to-date.
For Oceaneering International, the consensus EPS estimate for the current year has increased 11.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Kosmos Energy belongs to the Oil and Gas - Exploration and Production - International industry, which includes 9 individual stocks and currently sits at #211 in the Zacks Industry Rank. On average, stocks in this group have gained 81.7% this year, meaning that KOS is performing better in terms of year-to-date returns.
In contrast, Oceaneering International falls under the Oil and Gas - Field Services industry. Currently, this industry has 19 stocks and is ranked #159. Since the beginning of the year, the industry has moved +45.8%.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Kosmos Energy and Oceaneering International as they could maintain their solid performance.