For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Delek US Holdings (DK - 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? One simple way to answer this question is to take a look at the year-to-date performance of DK and the rest of the Oils-Energy group's stocks.
Delek US Holdings is a member of our Oils-Energy group, which includes 331 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. DK is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for DK's full-year earnings has moved 98.81% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, DK has gained about 50.83% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 5.97% on a year-to-date basis. As we can see, Delek US Holdings is performing better than its sector in the calendar year.
Looking more specifically, DK belongs to the Oil and Gas - Refining and Marketing industry, a group that includes 13 individual stocks and currently sits at #168 in the Zacks Industry Rank. On average, this group has gained an average of 19.45% so far this year, meaning that DK is performing better in terms of year-to-date returns.
DK will likely be looking to continue its solid performance, so investors interested Oils-Energy stocks should continue to pay close attention to the company.