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Are Oils-Energy Stocks Lagging Excelerate Energy (EE) 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. Is Excelerate Energy (EE - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.
Excelerate Energy is one of 255 companies in the Oils-Energy group. The Oils-Energy group currently sits at #1 within the Zacks Sector Rank. 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 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. Excelerate Energy is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for EE's full-year earnings has moved 3.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, EE has gained about 35.5% so far this year. In comparison, Oils-Energy companies have returned an average of 29.5%. This means that Excelerate Energy is performing better than its sector in terms of year-to-date returns.
Another stock in the Oils-Energy sector, Granite Ridge Resources, Inc. (GRNT - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 33.4%.
The consensus estimate for Granite Ridge Resources, Inc.'s current year EPS has increased 29.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Excelerate Energy belongs to the Alternative Energy - Other industry, a group that includes 60 individual stocks and currently sits at #83 in the Zacks Industry Rank. On average, stocks in this group have lost 9.7% this year, meaning that EE is performing better in terms of year-to-date returns.
In contrast, Granite Ridge Resources, Inc. falls under the Oil and Gas - Exploration and Production - United States industry. Currently, this industry has 34 stocks and is ranked #24. Since the beginning of the year, the industry has moved +28.6%.
Investors with an interest in Oils-Energy stocks should continue to track Excelerate Energy and Granite Ridge Resources, Inc.. These stocks will be looking to continue their solid performance.
View the Zacks #1 Rank List
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Are Oils-Energy Stocks Lagging Excelerate Energy (EE) 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. Is Excelerate Energy (EE - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.
Excelerate Energy is one of 255 companies in the Oils-Energy group. The Oils-Energy group currently sits at #1 within the Zacks Sector Rank. 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 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. Excelerate Energy is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for EE's full-year earnings has moved 3.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, EE has gained about 35.5% so far this year. In comparison, Oils-Energy companies have returned an average of 29.5%. This means that Excelerate Energy is performing better than its sector in terms of year-to-date returns.
Another stock in the Oils-Energy sector, Granite Ridge Resources, Inc. (GRNT - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 33.4%.
The consensus estimate for Granite Ridge Resources, Inc.'s current year EPS has increased 29.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Excelerate Energy belongs to the Alternative Energy - Other industry, a group that includes 60 individual stocks and currently sits at #83 in the Zacks Industry Rank. On average, stocks in this group have lost 9.7% this year, meaning that EE is performing better in terms of year-to-date returns.
In contrast, Granite Ridge Resources, Inc. falls under the Oil and Gas - Exploration and Production - United States industry. Currently, this industry has 34 stocks and is ranked #24. Since the beginning of the year, the industry has moved +28.6%.
Investors with an interest in Oils-Energy stocks should continue to track Excelerate Energy and Granite Ridge Resources, Inc.. These stocks will be looking to continue their solid performance.