The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Anadarko Petroleum (APC - 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 APC and the rest of the Oils-Energy group's stocks.
Anadarko Petroleum is one of 311 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. 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 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. APC is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for APC's full-year earnings has moved 47.52% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, APC has returned 65.88% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 11.23% on a year-to-date basis. As we can see, Anadarko Petroleum is performing better than its sector in the calendar year.
To break things down more, APC belongs to the Oil and Gas - Exploration and Production - United States industry, a group that includes 74 individual companies and currently sits at #36 in the Zacks Industry Rank. This group has gained an average of 11.25% so far this year, so APC is performing better in this area.
APC 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.