Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. EOG Resources (EOG) 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? 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.
EOG Resources is a member of our Oils-Energy group, which includes 247 different companies and currently sits at #6 in 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 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. EOG Resources is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for EOG's full-year earnings has moved 2.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, EOG has moved about 5.1% on a year-to-date basis. Meanwhile, the Oils-Energy sector has returned an average of 3.1% on a year-to-date basis. This means that EOG Resources is performing better than its sector in terms of year-to-date returns.
Sunoco LP (SUN) is another Oils-Energy stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 9.6%.
For Sunoco LP, the consensus EPS estimate for the current year has increased 62.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, EOG Resources is a member of the Oil and Gas - Exploration and Production - United States industry, which includes 34 individual companies and currently sits at #42 in the Zacks Industry Rank. On average, this group has lost an average of 16.3% so far this year, meaning that EOG is performing better in terms of year-to-date returns.
In contrast, Sunoco LP falls under the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry. Currently, this industry has 6 stocks and is ranked #157. Since the beginning of the year, the industry has moved +10%.
Investors with an interest in Oils-Energy stocks should continue to track EOG Resources and Sunoco LP. These stocks will be looking to continue their solid performance.
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