We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Apache (APA) Outperforming Other Oils-Energy Stocks This Year?
Read MoreHide Full Article
Investors focused on the Oils-Energy space have likely heard of Apache (APA - 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.
Apache is a member of our Oils-Energy group, which includes 311 different companies and currently sits at #4 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. APA is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for APA's full-year earnings has moved 257.40% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, APA has returned 15.85% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 10.71% on average. As we can see, Apache is performing better than its sector in the calendar year.
Breaking things down more, APA is a member of the Oil and Gas - Exploration and Production - United States industry, which includes 74 individual companies and currently sits at #49 in the Zacks Industry Rank. On average, this group has gained an average of 11.51% so far this year, meaning that APA is performing better in terms of year-to-date returns.
APA 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Apache (APA) Outperforming Other Oils-Energy Stocks This Year?
Investors focused on the Oils-Energy space have likely heard of Apache (APA - 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.
Apache is a member of our Oils-Energy group, which includes 311 different companies and currently sits at #4 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. APA is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for APA's full-year earnings has moved 257.40% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, APA has returned 15.85% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 10.71% on average. As we can see, Apache is performing better than its sector in the calendar year.
Breaking things down more, APA is a member of the Oil and Gas - Exploration and Production - United States industry, which includes 74 individual companies and currently sits at #49 in the Zacks Industry Rank. On average, this group has gained an average of 11.51% so far this year, meaning that APA is performing better in terms of year-to-date returns.
APA 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.