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Is Galp Energia (GLPEY) Stock Outpacing Its Oils-Energy Peers 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. Galp Energia SGPS SA (GLPEY - 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.
Galp Energia SGPS SA is a member of the Oils-Energy sector. This group includes 250 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Galp Energia SGPS SA is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for GLPEY's full-year earnings has moved 21% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that GLPEY has returned about 46.9% since the start of the calendar year. Meanwhile, stocks in the Oils-Energy group have gained about 35.3% on average. This shows that Galp Energia SGPS SA is outperforming its peers so far this year.
Subsea 7 SA (SUBCY - 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 75.7%.
For Subsea 7 SA, the consensus EPS estimate for the current year has increased 16.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Galp Energia SGPS SA belongs to the Oil and Gas - Refining and Marketing industry, a group that includes 16 individual companies and currently sits at #8 in the Zacks Industry Rank. Stocks in this group have gained about 130.3% so far this year, so GLPEY is slightly underperforming its industry this group in terms of year-to-date returns.
On the other hand, Subsea 7 SA belongs to the Oil and Gas - Field Services industry. This 19-stock industry is currently ranked #163. The industry has moved +44.1% year to date.
Investors with an interest in Oils-Energy stocks should continue to track Galp Energia SGPS SA and Subsea 7 SA. These stocks will be looking to continue their solid performance.
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Is Galp Energia (GLPEY) Stock Outpacing Its Oils-Energy Peers This Year?
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Galp Energia SGPS SA (GLPEY - 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.
Galp Energia SGPS SA is a member of the Oils-Energy sector. This group includes 250 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Galp Energia SGPS SA is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for GLPEY's full-year earnings has moved 21% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that GLPEY has returned about 46.9% since the start of the calendar year. Meanwhile, stocks in the Oils-Energy group have gained about 35.3% on average. This shows that Galp Energia SGPS SA is outperforming its peers so far this year.
Subsea 7 SA (SUBCY - 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 75.7%.
For Subsea 7 SA, the consensus EPS estimate for the current year has increased 16.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Galp Energia SGPS SA belongs to the Oil and Gas - Refining and Marketing industry, a group that includes 16 individual companies and currently sits at #8 in the Zacks Industry Rank. Stocks in this group have gained about 130.3% so far this year, so GLPEY is slightly underperforming its industry this group in terms of year-to-date returns.
On the other hand, Subsea 7 SA belongs to the Oil and Gas - Field Services industry. This 19-stock industry is currently ranked #163. The industry has moved +44.1% year to date.
Investors with an interest in Oils-Energy stocks should continue to track Galp Energia SGPS SA and Subsea 7 SA. These stocks will be looking to continue their solid performance.