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.
Has Suncor Energy (SU) Outpaced Other Oils-Energy Stocks 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 Suncor Energy (SU - 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.
Suncor Energy is a member of our Oils-Energy group, which includes 258 different companies and currently sits at #3 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 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. Suncor Energy is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for SU's full-year earnings has moved 15.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that SU has returned about 30.9% since the start of the calendar year. Meanwhile, stocks in the Oils-Energy group have gained about 28.8% on average. This shows that Suncor Energy is outperforming its peers so far this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Valero Energy (VLO - Free Report) . The stock has returned 34.8% year-to-date.
The consensus estimate for Valero Energy's current year EPS has increased 33.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Suncor Energy is a member of the Oil and Gas - Integrated - Canadian industry, which includes 3 individual companies and currently sits at #4 in the Zacks Industry Rank. On average, this group has gained an average of 34.7% so far this year, meaning that SU is slightly underperforming its industry in terms of year-to-date returns.
On the other hand, Valero Energy belongs to the Oil and Gas - Refining and Marketing industry. This 14-stock industry is currently ranked #64. The industry has moved +30.1% year to date.
Investors interested in the Oils-Energy sector may want to keep a close eye on Suncor Energy and Valero Energy as they attempt to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has Suncor Energy (SU) Outpaced Other Oils-Energy Stocks 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 Suncor Energy (SU - 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.
Suncor Energy is a member of our Oils-Energy group, which includes 258 different companies and currently sits at #3 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 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. Suncor Energy is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for SU's full-year earnings has moved 15.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that SU has returned about 30.9% since the start of the calendar year. Meanwhile, stocks in the Oils-Energy group have gained about 28.8% on average. This shows that Suncor Energy is outperforming its peers so far this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Valero Energy (VLO - Free Report) . The stock has returned 34.8% year-to-date.
The consensus estimate for Valero Energy's current year EPS has increased 33.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Suncor Energy is a member of the Oil and Gas - Integrated - Canadian industry, which includes 3 individual companies and currently sits at #4 in the Zacks Industry Rank. On average, this group has gained an average of 34.7% so far this year, meaning that SU is slightly underperforming its industry in terms of year-to-date returns.
On the other hand, Valero Energy belongs to the Oil and Gas - Refining and Marketing industry. This 14-stock industry is currently ranked #64. The industry has moved +30.1% year to date.
Investors interested in the Oils-Energy sector may want to keep a close eye on Suncor Energy and Valero Energy as they attempt to continue their solid performance.