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Has PERMIANVILLE ROYALTY TRUST (PVL) Outpaced Other Oils-Energy Stocks This Year?

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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 PERMIANVILLE ROYALTY TRUST (PVL - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

PERMIANVILLE ROYALTY TRUST is one of 315 companies in the Oils-Energy group. The Oils-Energy group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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. PVL is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for PVL's full-year earnings has moved 142.86% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, PVL has gained about 49.47% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 14.74% on a year-to-date basis. This means that PERMIANVILLE ROYALTY TRUST is performing better than its sector in terms of year-to-date returns.

Breaking things down more, PVL is a member of the Oil and Gas - Royalty Trust - United States industry, which includes 3 individual companies and currently sits at #10 in the Zacks Industry Rank. On average, stocks in this group have gained 29.12% this year, meaning that PVL is performing better in terms of year-to-date returns.

PVL will likely be looking to continue its solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to the company.


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