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Is BP Stock Outpacing Its Oils-Energy Peers 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. BP p.l.c. (BP - 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? One simple way to answer this question is to take a look at the year-to-date performance of BP and the rest of the Oils-Energy group's stocks.
BP p.l.c. is a member of the Oils-Energy sector. This group includes 333 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. BP is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for BP's full-year earnings has moved 11% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, BP has gained about 6.42% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 4.17% on average. This shows that BP p.l.c. is outperforming its peers so far this year.
Looking more specifically, BP belongs to the Oil and Gas - Integrated - International industry, a group that includes 16 individual stocks and currently sits at #166 in the Zacks Industry Rank. On average, stocks in this group have gained 3.89% this year, meaning that BP is performing better in terms of year-to-date returns.
BP will likely be looking to continue its solid performance, so investors interested Oils-Energy stocks should continue to pay close attention to the company.
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Is BP Stock Outpacing Its Oils-Energy Peers This Year?
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. BP p.l.c. (BP - 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? One simple way to answer this question is to take a look at the year-to-date performance of BP and the rest of the Oils-Energy group's stocks.
BP p.l.c. is a member of the Oils-Energy sector. This group includes 333 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. BP is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for BP's full-year earnings has moved 11% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, BP has gained about 6.42% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 4.17% on average. This shows that BP p.l.c. is outperforming its peers so far this year.
Looking more specifically, BP belongs to the Oil and Gas - Integrated - International industry, a group that includes 16 individual stocks and currently sits at #166 in the Zacks Industry Rank. On average, stocks in this group have gained 3.89% this year, meaning that BP is performing better in terms of year-to-date returns.
BP will likely be looking to continue its solid performance, so investors interested Oils-Energy stocks should continue to pay close attention to the company.