For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. OMV AG (OMVKY) 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? 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.
OMV AG is one of 254 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #2 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. OMV AG is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for OMVKY’s full-year earnings has moved 25.2% higher. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger.
Based on the latest available data, OMVKY has gained about 50% so far this year. At the same time, Oils-Energy stocks have gained an average of 40.5%. This means that OMV AG is performing better than its sector in terms of year-to-date returns.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Canadian Natural Resources (CNQ). The stock has returned 59.9% year-to-date.
The consensus estimate for Canadian Natural Resources’ current year EPS has increased 5.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, OMV AG belongs to the Oil and Gas – Integrated – International industry, which includes 19 individual stocks and currently sits at #16 in the Zacks Industry Rank. On average, this group has gained an average of 49% so far this year, meaning that OMVKY is performing better in terms of year-to-date returns.
In contrast, Canadian Natural Resources falls under the Oil and Gas – Exploration and Production – Canadian industry. Currently, this industry has 7 stocks and is ranked #33. Since the beginning of the year, the industry has moved +66.3%.
OMV AG and Canadian Natural Resources could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
