Investors focused on the Oils-Energy space have likely heard of BP p.l.c. (BP - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.
BP p.l.c. is a member of our Oils-Energy group, which includes 328 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 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. BP is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for BP's full-year earnings has moved 19.65% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, BP has returned 7.90% so far this year. In comparison, Oils-Energy companies have returned an average of 6.38%. This shows that BP p.l.c. is outperforming its peers so far this year.
Looking more specifically, BP belongs to the Oil and Gas - Integrated - International industry, a group that includes 15 individual stocks and currently sits at #25 in the Zacks Industry Rank. This group has gained an average of 6.20% so far this year, so BP is performing better in this area.
Investors with an interest in Oils-Energy stocks should continue to track BP. The stock will be looking to continue its solid performance.