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Are Oils-Energy Stocks Lagging ConocoPhillips (COP) This Year?
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For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has ConocoPhillips (COP - 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.
ConocoPhillips is one of 254 companies in the Oils-Energy group. The Oils-Energy group currently sits at #2 within the Zacks Sector Rank. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ConocoPhillips is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for COP's full-year earnings has moved 14.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, COP has gained about 38.2% so far this year. At the same time, Oils-Energy stocks have gained an average of 35.6%. This means that ConocoPhillips is outperforming the sector as a whole this year.
Another stock in the Oils-Energy sector, Calumet, Inc. (CLMT - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 182.9%.
The consensus estimate for Calumet, Inc.'s current year EPS has increased 376.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, ConocoPhillips is a member of the Oil and Gas - Integrated - United States industry, which includes 13 individual companies and currently sits at #96 in the Zacks Industry Rank. On average, this group has gained an average of 31.6% so far this year, meaning that COP is performing better in terms of year-to-date returns. Calumet, Inc. is also part of the same industry.
ConocoPhillips and Calumet, Inc. 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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Are Oils-Energy Stocks Lagging ConocoPhillips (COP) This Year?
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has ConocoPhillips (COP - 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.
ConocoPhillips is one of 254 companies in the Oils-Energy group. The Oils-Energy group currently sits at #2 within the Zacks Sector Rank. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. ConocoPhillips is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for COP's full-year earnings has moved 14.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, COP has gained about 38.2% so far this year. At the same time, Oils-Energy stocks have gained an average of 35.6%. This means that ConocoPhillips is outperforming the sector as a whole this year.
Another stock in the Oils-Energy sector, Calumet, Inc. (CLMT - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 182.9%.
The consensus estimate for Calumet, Inc.'s current year EPS has increased 376.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, ConocoPhillips is a member of the Oil and Gas - Integrated - United States industry, which includes 13 individual companies and currently sits at #96 in the Zacks Industry Rank. On average, this group has gained an average of 31.6% so far this year, meaning that COP is performing better in terms of year-to-date returns. Calumet, Inc. is also part of the same industry.
ConocoPhillips and Calumet, Inc. could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.