Investors focused on the Oils-Energy space have likely heard of Delek US Holdings (DK - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Delek US Holdings is a member of the Oils-Energy sector. This group includes 330 individual stocks and currently holds a Zacks Sector Rank of #1. 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. DK is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for DK's full-year earnings has moved 142.82% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, DK has moved about 42.19% on a year-to-date basis. In comparison, Oils-Energy companies have returned an average of 4.84%. This means that Delek US Holdings is outperforming the sector as a whole this year.
To break things down more, DK belongs to the Oil and Gas - Refining and Marketing industry, a group that includes 13 individual companies and currently sits at #79 in the Zacks Industry Rank. Stocks in this group have gained about 12.20% so far this year, so DK is performing better this group 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.