Investors focused on the Oils-Energy space have likely heard of ConocoPhillips (COP - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of COP and the rest of the Oils-Energy group's stocks.
ConocoPhillips is one of 331 companies in the Oils-Energy group. The Oils-Energy group currently sits at #3 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 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. COP is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for COP's full-year earnings has moved 35.40% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, COP has gained about 26.49% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 6.59% on average. This means that ConocoPhillips is performing better than its sector in terms of year-to-date returns.
Looking more specifically, COP belongs to the Oil and Gas - Integrated - United States industry, a group that includes 9 individual stocks and currently sits at #34 in the Zacks Industry Rank. On average, stocks in this group have gained 19.18% this year, meaning that COP is performing better in terms of year-to-date returns.
COP will likely be looking to continue its solid performance, so investors interested Oils-Energy stocks should continue to pay close attention to the company.