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Are Oils-Energy Stocks Lagging Chevron (CVX) 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 Chevron (CVX - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Chevron is a member of the Oils-Energy sector. This group includes 255 individual stocks and currently holds a Zacks Sector Rank of #4. 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. Chevron is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CVX's full-year earnings has moved 9.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, CVX has gained about 34% so far this year. In comparison, Oils-Energy companies have returned an average of 27.8%. As we can see, Chevron is performing better than its sector in the calendar year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Kinetik Holdings Inc. (KNTK - Free Report) . The stock has returned 39.3% year-to-date.
The consensus estimate for Kinetik Holdings Inc.'s current year EPS has increased 108.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Chevron belongs to the Oil and Gas - Integrated - International industry, a group that includes 19 individual companies and currently sits at #55 in the Zacks Industry Rank. On average, this group has gained an average of 35.2% so far this year, meaning that CVX is slightly underperforming its industry in terms of year-to-date returns.
Kinetik Holdings Inc., however, belongs to the Oil and Gas - Field Services industry. Currently, this 18-stock industry is ranked #106. The industry has moved +21.2% so far this year.
Investors interested in the Oils-Energy sector may want to keep a close eye on Chevron and Kinetik Holdings Inc. as they attempt to continue their solid performance.
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Are Oils-Energy Stocks Lagging Chevron (CVX) This Year?
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is Chevron (CVX - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Chevron is a member of the Oils-Energy sector. This group includes 255 individual stocks and currently holds a Zacks Sector Rank of #4. 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. Chevron is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CVX's full-year earnings has moved 9.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, CVX has gained about 34% so far this year. In comparison, Oils-Energy companies have returned an average of 27.8%. As we can see, Chevron is performing better than its sector in the calendar year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Kinetik Holdings Inc. (KNTK - Free Report) . The stock has returned 39.3% year-to-date.
The consensus estimate for Kinetik Holdings Inc.'s current year EPS has increased 108.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Chevron belongs to the Oil and Gas - Integrated - International industry, a group that includes 19 individual companies and currently sits at #55 in the Zacks Industry Rank. On average, this group has gained an average of 35.2% so far this year, meaning that CVX is slightly underperforming its industry in terms of year-to-date returns.
Kinetik Holdings Inc., however, belongs to the Oil and Gas - Field Services industry. Currently, this 18-stock industry is ranked #106. The industry has moved +21.2% so far this year.
Investors interested in the Oils-Energy sector may want to keep a close eye on Chevron and Kinetik Holdings Inc. as they attempt to continue their solid performance.