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? 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.
Apache is one of 311 companies in the Oils-Energy group. The Oils-Energy group currently sits at #4 within the Zacks Sector Rank. 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 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).
The Zacks Consensus Estimate for APA's full-year earnings has moved 91.95% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, APA has gained about 7.96% so far this year. At the same time, Oils-Energy stocks have gained an average of 5.97%. This shows that Apache is outperforming its peers so far this 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 #51 in the Zacks Industry Rank. This group has gained an average of 1.66% so far this year, so APA is performing better in this area.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to APA as it looks to continue its solid performance.