Investors focused on the Oils-Energy space have likely heard of Chaparral Energy (CHAP - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Chaparral Energy 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 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 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. CHAP is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CHAP's full-year earnings has moved 428.57% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, CHAP has moved about 8.54% on a year-to-date basis. At the same time, Oils-Energy stocks have gained an average of 10.94%. This means that Chaparral Energy is performing better than its sector in terms of year-to-date returns.
Looking more specifically, CHAP belongs to the Oil and Gas - Exploration and Production - United States industry, which includes 74 individual stocks and currently sits at #47 in the Zacks Industry Rank. This group has gained an average of 12.72% so far this year, so CHAP is slightly underperforming its industry in this area.
Investors with an interest in Oils-Energy stocks should continue to track CHAP. The stock will be looking to continue its solid performance.