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 Dorian LPG (LPG) Outpaced Other Transportation Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Dorian LPG (LPG - 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.
Dorian LPG is a member of the Transportation sector. This group includes 138 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 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. Dorian LPG is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for LPG's full-year earnings has moved 195.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, LPG has returned 53.1% so far this year. Meanwhile, the Transportation sector has returned an average of -20.6% on a year-to-date basis. This shows that Dorian LPG is outperforming its peers so far this year.
Another Transportation stock, which has outperformed the sector so far this year, is Teekay Tankers (TNK - Free Report) . The stock has returned 204.2% year-to-date.
For Teekay Tankers, the consensus EPS estimate for the current year has increased 75.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Dorian LPG is a member of the Transportation - Shipping industry, which includes 41 individual companies and currently sits at #74 in the Zacks Industry Rank. This group has gained an average of 32.9% so far this year, so LPG is performing better in this area. Teekay Tankers is also part of the same industry.
Investors with an interest in Transportation stocks should continue to track Dorian LPG and Teekay Tankers. These stocks will be looking 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 Dorian LPG (LPG) Outpaced Other Transportation Stocks This Year?
For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Dorian LPG (LPG - 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.
Dorian LPG is a member of the Transportation sector. This group includes 138 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 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. Dorian LPG is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for LPG's full-year earnings has moved 195.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, LPG has returned 53.1% so far this year. Meanwhile, the Transportation sector has returned an average of -20.6% on a year-to-date basis. This shows that Dorian LPG is outperforming its peers so far this year.
Another Transportation stock, which has outperformed the sector so far this year, is Teekay Tankers (TNK - Free Report) . The stock has returned 204.2% year-to-date.
For Teekay Tankers, the consensus EPS estimate for the current year has increased 75.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Dorian LPG is a member of the Transportation - Shipping industry, which includes 41 individual companies and currently sits at #74 in the Zacks Industry Rank. This group has gained an average of 32.9% so far this year, so LPG is performing better in this area. Teekay Tankers is also part of the same industry.
Investors with an interest in Transportation stocks should continue to track Dorian LPG and Teekay Tankers. These stocks will be looking to continue their solid performance.