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Is KINETIK HLDGS (KNTK) Stock Outpacing Its Oils-Energy Peers 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. Kinetik Holdings Inc. (KNTK - 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.
Kinetik Holdings Inc. is one of 250 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #4 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. Kinetik Holdings Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for KNTK's full-year earnings has moved 108.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that KNTK has returned about 51.3% since the start of the calendar year. In comparison, Oils-Energy companies have returned an average of 32.9%. This shows that Kinetik Holdings Inc. is outperforming its peers so far this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Sunoco LP (SUN - Free Report) . The stock has returned 51% year-to-date.
For Sunoco LP, the consensus EPS estimate for the current year has increased 20.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Kinetik Holdings Inc. belongs to the Oil and Gas - Field Services industry, a group that includes 19 individual companies and currently sits at #102 in the Zacks Industry Rank. On average, stocks in this group have gained 28.7% this year, meaning that KNTK is performing better in terms of year-to-date returns.
Sunoco LP, however, belongs to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry. Currently, this 7-stock industry is ranked #10. The industry has moved +43.6% so far this year.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Kinetik Holdings Inc. and Sunoco LP as they could maintain their solid performance.
View the Zacks #1 Rank List
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Is KINETIK HLDGS (KNTK) Stock Outpacing Its Oils-Energy Peers This Year?
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Kinetik Holdings Inc. (KNTK - 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.
Kinetik Holdings Inc. is one of 250 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #4 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. Kinetik Holdings Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for KNTK's full-year earnings has moved 108.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that KNTK has returned about 51.3% since the start of the calendar year. In comparison, Oils-Energy companies have returned an average of 32.9%. This shows that Kinetik Holdings Inc. is outperforming its peers so far this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Sunoco LP (SUN - Free Report) . The stock has returned 51% year-to-date.
For Sunoco LP, the consensus EPS estimate for the current year has increased 20.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Kinetik Holdings Inc. belongs to the Oil and Gas - Field Services industry, a group that includes 19 individual companies and currently sits at #102 in the Zacks Industry Rank. On average, stocks in this group have gained 28.7% this year, meaning that KNTK is performing better in terms of year-to-date returns.
Sunoco LP, however, belongs to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry. Currently, this 7-stock industry is ranked #10. The industry has moved +43.6% so far this year.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Kinetik Holdings Inc. and Sunoco LP as they could maintain their solid performance.