For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Southwestern Energy (SWN - Free Report) one of those stocks right now? 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.
Southwestern Energy is a member of the Oils-Energy sector. This group includes 328 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 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. SWN is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for SWN's full-year earnings has moved 16.93% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that SWN has returned about 5.56% since the start of the calendar year. In comparison, Oils-Energy companies have returned an average of 0.31%. This means that Southwestern Energy is outperforming the sector as a whole this year.
To break things down more, SWN belongs to the Oil and Gas - Exploration and Production - United States industry, a group that includes 78 individual companies and currently sits at #45 in the Zacks Industry Rank. Stocks in this group have lost about 10.81% so far this year, so SWN is performing better this group in terms of year-to-date returns.
Investors in the Oils-Energy sector will want to keep a close eye on SWN as it attempts to continue its solid performance.