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Is ConocoPhillips (COP) 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. Has ConocoPhillips (COP - Free Report) been one of those stocks this year? 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.
ConocoPhillips is a member of the Oils-Energy sector. This group includes 255 individual stocks and currently holds a Zacks Sector Rank of #1. 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 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 21.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, COP has moved about 45.6% on a year-to-date basis. Meanwhile, stocks in the Oils-Energy group have gained about 24.3% on average. This means that ConocoPhillips is outperforming the sector as a whole this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Vaalco Energy (EGY - Free Report) . The stock has returned 47.8% year-to-date.
In Vaalco Energy's case, the consensus EPS estimate for the current year increased 25% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, ConocoPhillips belongs to the Oil and Gas - Integrated - United States industry, a group that includes 13 individual companies and currently sits at #168 in the Zacks Industry Rank. On average, this group has gained an average of 30.8% so far this year, meaning that COP is performing better in terms of year-to-date returns.
In contrast, Vaalco Energy falls under the Oil and Gas - Exploration and Production - International industry. Currently, this industry has 8 stocks and is ranked #42. Since the beginning of the year, the industry has moved +41.2%.
Investors interested in the Oils-Energy sector may want to keep a close eye on ConocoPhillips and Vaalco Energy as they attempt to continue their solid performance.
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Is ConocoPhillips (COP) 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. Has ConocoPhillips (COP - Free Report) been one of those stocks this year? 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.
ConocoPhillips is a member of the Oils-Energy sector. This group includes 255 individual stocks and currently holds a Zacks Sector Rank of #1. 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 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 21.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, COP has moved about 45.6% on a year-to-date basis. Meanwhile, stocks in the Oils-Energy group have gained about 24.3% on average. This means that ConocoPhillips is outperforming the sector as a whole this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Vaalco Energy (EGY - Free Report) . The stock has returned 47.8% year-to-date.
In Vaalco Energy's case, the consensus EPS estimate for the current year increased 25% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, ConocoPhillips belongs to the Oil and Gas - Integrated - United States industry, a group that includes 13 individual companies and currently sits at #168 in the Zacks Industry Rank. On average, this group has gained an average of 30.8% so far this year, meaning that COP is performing better in terms of year-to-date returns.
In contrast, Vaalco Energy falls under the Oil and Gas - Exploration and Production - International industry. Currently, this industry has 8 stocks and is ranked #42. Since the beginning of the year, the industry has moved +41.2%.
Investors interested in the Oils-Energy sector may want to keep a close eye on ConocoPhillips and Vaalco Energy as they attempt to continue their solid performance.