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Is Statoil (STO) Stock Outpacing Its Oils-Energy Peers This Year?

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Investors focused on the Oils-Energy space have likely heard of Statoil ASA , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Statoil ASA is a member of the Oils-Energy sector. This group includes 333 individual stocks and currently holds a Zacks Sector Rank of #3. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. STO is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for STO's full-year earnings has moved 9.87% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, STO has gained about 27.54% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 9.74% on average. This means that Statoil ASA is performing better than its sector in terms of year-to-date returns.

Breaking things down more, STO is a member of the Oil and Gas - Integrated - International industry, which includes 16 individual companies and currently sits at #24 in the Zacks Industry Rank. This group has gained an average of 9.70% so far this year, so STO is performing better in this area.

Investors in the Oils-Energy sector will want to keep a close eye on STO as it attempts to continue its solid performance.