We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Petroleo Brasileiro (PBR) Stock Outpacing Its Oils-Energy Peers This Year?
Read MoreHide Full Article
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Petrobras (PBR - 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? 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.
Petrobras is a member of our Oils-Energy group, which includes 255 different companies and currently sits at #1 in 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 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. Petrobras is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for PBR's full-year earnings has moved 2.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, PBR has returned 52.7% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 30.9% on average. As we can see, Petrobras is performing better than its sector in the calendar year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is APA (APA - Free Report) . The stock has returned 94.9% year-to-date.
Over the past three months, APA's consensus EPS estimate for the current year has increased 28%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Petrobras belongs to the Oil and Gas - Integrated - International industry, which includes 19 individual stocks and currently sits at #11 in the Zacks Industry Rank. On average, stocks in this group have gained 38.7% this year, meaning that PBR is performing better in terms of year-to-date returns.
In contrast, APA falls under the Oil and Gas - Exploration and Production - United States industry. Currently, this industry has 34 stocks and is ranked #26. Since the beginning of the year, the industry has moved +30.6%.
Investors with an interest in Oils-Energy stocks should continue to track Petrobras and APA. These stocks will be looking to continue their solid performance.
View the Zacks #1 Rank List
Image: Bigstock
Is Petroleo Brasileiro (PBR) 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. Petrobras (PBR - 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? 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.
Petrobras is a member of our Oils-Energy group, which includes 255 different companies and currently sits at #1 in 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 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. Petrobras is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for PBR's full-year earnings has moved 2.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, PBR has returned 52.7% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 30.9% on average. As we can see, Petrobras is performing better than its sector in the calendar year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is APA (APA - Free Report) . The stock has returned 94.9% year-to-date.
Over the past three months, APA's consensus EPS estimate for the current year has increased 28%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Petrobras belongs to the Oil and Gas - Integrated - International industry, which includes 19 individual stocks and currently sits at #11 in the Zacks Industry Rank. On average, stocks in this group have gained 38.7% this year, meaning that PBR is performing better in terms of year-to-date returns.
In contrast, APA falls under the Oil and Gas - Exploration and Production - United States industry. Currently, this industry has 34 stocks and is ranked #26. Since the beginning of the year, the industry has moved +30.6%.
Investors with an interest in Oils-Energy stocks should continue to track Petrobras and APA. These stocks will be looking to continue their solid performance.