Investors focused on the Oils-Energy space have likely heard of Petroleo Brasileiro S.A.- Petrobras (PBR - 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.
Petroleo Brasileiro S.A.- Petrobras is a member of the Oils-Energy sector. This group includes 322 individual stocks and currently holds a Zacks Sector Rank of #9. 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. PBR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for PBR's full-year earnings has moved 29.38% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, PBR has returned 3.30% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 2.54% on a year-to-date basis. This means that Petroleo Brasileiro S.A.- Petrobras is outperforming the sector as a whole this year.
Breaking things down more, PBR is a member of the Oil and Gas - Integrated - Emerging Markets industry, which includes 3 individual companies and currently sits at #20 in the Zacks Industry Rank. On average, this group has gained an average of 21.17% so far this year, meaning that PBR is slightly underperforming its industry in terms of year-to-date returns.
PBR will likely be looking to continue its solid performance, so investors interested Oils-Energy stocks should continue to pay close attention to the company.