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 Canadian Natural Resources (CNQ) Stock Outpacing Its Oils-Energy Peers This Year?
Read MoreHide Full Article
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Canadian Natural Resources (CNQ - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Canadian Natural Resources is one of 253 companies in the Oils-Energy group. The Oils-Energy group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. CNQ is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CNQ's full-year earnings has moved 14.06% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CNQ has returned 40.83% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 22.95% on average. This means that Canadian Natural Resources is outperforming the sector as a whole this year.
Looking more specifically, CNQ belongs to the Oil and Gas - Exploration and Production - Canadian industry, a group that includes 5 individual stocks and currently sits at #10 in the Zacks Industry Rank. Stocks in this group have gained about 47.35% so far this year, so CNQ is slightly underperforming its industry this group in terms of year-to-date returns.
Investors with an interest in Oils-Energy stocks should continue to track CNQ. The stock will be looking to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Canadian Natural Resources (CNQ) Stock Outpacing Its Oils-Energy Peers This Year?
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Canadian Natural Resources (CNQ - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Canadian Natural Resources is one of 253 companies in the Oils-Energy group. The Oils-Energy group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. CNQ is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CNQ's full-year earnings has moved 14.06% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CNQ has returned 40.83% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 22.95% on average. This means that Canadian Natural Resources is outperforming the sector as a whole this year.
Looking more specifically, CNQ belongs to the Oil and Gas - Exploration and Production - Canadian industry, a group that includes 5 individual stocks and currently sits at #10 in the Zacks Industry Rank. Stocks in this group have gained about 47.35% so far this year, so CNQ is slightly underperforming its industry this group in terms of year-to-date returns.
Investors with an interest in Oils-Energy stocks should continue to track CNQ. The stock will be looking to continue its solid performance.