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Are Oils-Energy Stocks Lagging Matador Resources (MTDR) 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. Matador Resources (MTDR - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Matador Resources is one of 254 companies in the Oils-Energy group. The Oils-Energy group currently sits at #1 within 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 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. Matador Resources is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for MTDR's full-year earnings has moved 13% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that MTDR has returned about 41.6% since the start of the calendar year. At the same time, Oils-Energy stocks have gained an average of 38.6%. This shows that Matador Resources is outperforming its peers so far this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is INPLAY OIL CP (IPOOF - Free Report) . The stock has returned 61.6% year-to-date.
The consensus estimate for INPLAY OIL CP's current year EPS has increased 361.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Matador Resources belongs to the Oil and Gas - Exploration and Production - United States industry, which includes 34 individual stocks and currently sits at #26 in the Zacks Industry Rank. Stocks in this group have gained about 40.6% so far this year, so MTDR is performing better this group in terms of year-to-date returns.
INPLAY OIL CP, however, belongs to the Oil and Gas - Exploration and Production - Canadian industry. Currently, this 7-stock industry is ranked #4. The industry has moved +69.7% so far this year.
Investors interested in the Oils-Energy sector may want to keep a close eye on Matador Resources and INPLAY OIL CP as they attempt to continue their solid performance.
View the Zacks #1 Rank List
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Are Oils-Energy Stocks Lagging Matador Resources (MTDR) This Year?
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Matador Resources (MTDR - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Matador Resources is one of 254 companies in the Oils-Energy group. The Oils-Energy group currently sits at #1 within 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 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. Matador Resources is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for MTDR's full-year earnings has moved 13% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that MTDR has returned about 41.6% since the start of the calendar year. At the same time, Oils-Energy stocks have gained an average of 38.6%. This shows that Matador Resources is outperforming its peers so far this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is INPLAY OIL CP (IPOOF - Free Report) . The stock has returned 61.6% year-to-date.
The consensus estimate for INPLAY OIL CP's current year EPS has increased 361.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Matador Resources belongs to the Oil and Gas - Exploration and Production - United States industry, which includes 34 individual stocks and currently sits at #26 in the Zacks Industry Rank. Stocks in this group have gained about 40.6% so far this year, so MTDR is performing better this group in terms of year-to-date returns.
INPLAY OIL CP, however, belongs to the Oil and Gas - Exploration and Production - Canadian industry. Currently, this 7-stock industry is ranked #4. The industry has moved +69.7% so far this year.
Investors interested in the Oils-Energy sector may want to keep a close eye on Matador Resources and INPLAY OIL CP as they attempt to continue their solid performance.