For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Petroleo Brasileiro S.A.- Petrobras (PBR - 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 PBR and the rest of the Oils-Energy group's stocks.
Petroleo Brasileiro S.A.- Petrobras is a member of the Oils-Energy sector. This group includes 331 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. PBR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for PBR's full-year earnings has moved 19.90% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, PBR has returned 31.68% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 10.58% on a year-to-date basis. This means that Petroleo Brasileiro S.A.- Petrobras is outperforming the sector as a whole this year.
Looking more specifically, PBR belongs to the Oil and Gas - Integrated - Emerging Markets industry, a group that includes 4 individual stocks and currently sits at #24 in the Zacks Industry Rank. Stocks in this group have gained about 41.71% so far this year, so PBR is slightly underperforming its industry this group in terms of year-to-date returns.
Investors with an interest in Oils-Energy stocks should continue to track PBR. The stock will be looking to continue its solid performance.