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Is Plains Group (PAGP) Outperforming Other Oils-Energy Stocks 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. Has Plains GP Holdings (PAGP - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Plains GP Holdings is a member of the Oils-Energy sector. This group includes 250 individual stocks and currently holds a Zacks Sector Rank of #4. 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. Plains GP Holdings is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for PAGP's full-year earnings has moved 39% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, PAGP has moved about 39.5% on a year-to-date basis. In comparison, Oils-Energy companies have returned an average of 31.3%. This means that Plains GP Holdings is performing better than its sector in terms of year-to-date returns.
Another Oils-Energy stock, which has outperformed the sector so far this year, is APA (APA - Free Report) . The stock has returned 78.6% year-to-date.
The consensus estimate for APA's current year EPS has increased 3.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Plains GP Holdings belongs to the Oil and Gas - Production and Pipelines industry, a group that includes 10 individual stocks and currently sits at #89 in the Zacks Industry Rank. On average, this group has gained an average of 10.7% so far this year, meaning that PAGP is performing better in terms of year-to-date returns.
In contrast, APA falls under the Oil and Gas - Exploration and Production - United States industry. Currently, this industry has 34 stocks and is ranked #91. Since the beginning of the year, the industry has moved +27.1%.
Plains GP Holdings and APA could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.
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Is Plains Group (PAGP) Outperforming Other Oils-Energy Stocks This Year?
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Plains GP Holdings (PAGP - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Plains GP Holdings is a member of the Oils-Energy sector. This group includes 250 individual stocks and currently holds a Zacks Sector Rank of #4. 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. Plains GP Holdings is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for PAGP's full-year earnings has moved 39% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, PAGP has moved about 39.5% on a year-to-date basis. In comparison, Oils-Energy companies have returned an average of 31.3%. This means that Plains GP Holdings is performing better than its sector in terms of year-to-date returns.
Another Oils-Energy stock, which has outperformed the sector so far this year, is APA (APA - Free Report) . The stock has returned 78.6% year-to-date.
The consensus estimate for APA's current year EPS has increased 3.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Plains GP Holdings belongs to the Oil and Gas - Production and Pipelines industry, a group that includes 10 individual stocks and currently sits at #89 in the Zacks Industry Rank. On average, this group has gained an average of 10.7% so far this year, meaning that PAGP is performing better in terms of year-to-date returns.
In contrast, APA falls under the Oil and Gas - Exploration and Production - United States industry. Currently, this industry has 34 stocks and is ranked #91. Since the beginning of the year, the industry has moved +27.1%.
Plains GP Holdings and APA could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.