For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Anadarko Petroleum one of those stocks right now? 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.
Anadarko Petroleum is a member of the Oils-Energy sector. This group includes 311 individual stocks and currently holds a Zacks Sector Rank of #8. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. APC is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for APC's full-year earnings has moved 84.89% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, APC has gained about 59.17% so far this year. At the same time, Oils-Energy stocks have gained an average of 5.70%. This means that Anadarko Petroleum is outperforming the sector as a whole this year.
Breaking things down more, APC is a member of the Oil and Gas - Exploration and Production - United States industry, which includes 74 individual companies and currently sits at #63 in the Zacks Industry Rank. On average, this group has lost an average of 2.59% so far this year, meaning that APC is performing better in terms of year-to-date returns.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to APC as it looks to continue its solid performance.