For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Denbury Resources been one of those stocks this year? 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.
Denbury Resources is a member of the Oils-Energy sector. This group includes 329 individual stocks and currently holds a Zacks Sector Rank of #2. 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 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. DNR is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for DNR's full-year earnings has moved 16.53% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, DNR has moved about 56.11% on a year-to-date basis. In comparison, Oils-Energy companies have returned an average of -1.31%. As we can see, Denbury Resources is performing better than its sector in the calendar year.
Looking more specifically, DNR belongs to the Oil and Gas - Exploration and Production - United States industry, a group that includes 78 individual stocks and currently sits at #29 in the Zacks Industry Rank. On average, stocks in this group have lost 13.04% this year, meaning that DNR is performing better in terms of year-to-date returns.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to DNR as it looks to continue its solid performance.
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Is Denbury Resources (DNR) Outperforming Other Oils-Energy Stocks This Year?
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Denbury Resources been one of those stocks this year? 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.
Denbury Resources is a member of the Oils-Energy sector. This group includes 329 individual stocks and currently holds a Zacks Sector Rank of #2. 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 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. DNR is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for DNR's full-year earnings has moved 16.53% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, DNR has moved about 56.11% on a year-to-date basis. In comparison, Oils-Energy companies have returned an average of -1.31%. As we can see, Denbury Resources is performing better than its sector in the calendar year.
Looking more specifically, DNR belongs to the Oil and Gas - Exploration and Production - United States industry, a group that includes 78 individual stocks and currently sits at #29 in the Zacks Industry Rank. On average, stocks in this group have lost 13.04% this year, meaning that DNR is performing better in terms of year-to-date returns.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to DNR as it looks to continue its solid performance.