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Is Eni (E) 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. Is Eni SpA (E - Free Report) one of those stocks right now? 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.
Eni SpA is a member of our Oils-Energy group, which includes 250 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Eni SpA is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for E's full-year earnings has moved 10% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, E has gained about 44.2% so far this year. In comparison, Oils-Energy companies have returned an average of 30.4%. This shows that Eni SpA is outperforming its peers so far this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Galp Energia SGPS SA (GLPEY - Free Report) . The stock has returned 51.6% year-to-date.
The consensus estimate for Galp Energia SGPS SA's current year EPS has increased 17.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Eni SpA is a member of the Oil and Gas - Integrated - International industry, which includes 17 individual companies and currently sits at #83 in the Zacks Industry Rank. On average, stocks in this group have gained 35.7% this year, meaning that E is performing better in terms of year-to-date returns.
On the other hand, Galp Energia SGPS SA belongs to the Oil and Gas - Refining and Marketing industry. This 16-stock industry is currently ranked #9. The industry has moved +124.3% year to date.
Eni SpA and Galp Energia SGPS SA could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
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Is Eni (E) 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. Is Eni SpA (E - Free Report) one of those stocks right now? 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.
Eni SpA is a member of our Oils-Energy group, which includes 250 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Eni SpA is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for E's full-year earnings has moved 10% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, E has gained about 44.2% so far this year. In comparison, Oils-Energy companies have returned an average of 30.4%. This shows that Eni SpA is outperforming its peers so far this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Galp Energia SGPS SA (GLPEY - Free Report) . The stock has returned 51.6% year-to-date.
The consensus estimate for Galp Energia SGPS SA's current year EPS has increased 17.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Eni SpA is a member of the Oil and Gas - Integrated - International industry, which includes 17 individual companies and currently sits at #83 in the Zacks Industry Rank. On average, stocks in this group have gained 35.7% this year, meaning that E is performing better in terms of year-to-date returns.
On the other hand, Galp Energia SGPS SA belongs to the Oil and Gas - Refining and Marketing industry. This 16-stock industry is currently ranked #9. The industry has moved +124.3% year to date.
Eni SpA and Galp Energia SGPS SA could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.