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Is SM Energy (SM) Stock Outpacing Its Oils-Energy Peers This Year?
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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 SM Energy (SM - Free Report) been one of those stocks this year? 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.
SM Energy is a member of the Oils-Energy sector. This group includes 249 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. SM Energy is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for SM's full-year earnings has moved 16.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, SM has gained about 12.7% so far this year. At the same time, Oils-Energy stocks have gained an average of 5.8%. This means that SM Energy is outperforming the sector as a whole this year.
Another stock in the Oils-Energy sector, Texas Pacific (TPL - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 42.6%.
In Texas Pacific's case, the consensus EPS estimate for the current year increased 2.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, SM Energy belongs to the Oil and Gas - Exploration and Production - United States industry, a group that includes 36 individual stocks and currently sits at #99 in the Zacks Industry Rank. This group has gained an average of 5.4% so far this year, so SM is performing better in this area.
In contrast, Texas Pacific falls under the Alternative Energy - Other industry. Currently, this industry has 43 stocks and is ranked #52. Since the beginning of the year, the industry has moved +31.5%.
Investors interested in the Oils-Energy sector may want to keep a close eye on SM Energy and Texas Pacific as they attempt to continue their solid performance.
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Is SM Energy (SM) 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 SM Energy (SM - Free Report) been one of those stocks this year? 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.
SM Energy is a member of the Oils-Energy sector. This group includes 249 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. SM Energy is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for SM's full-year earnings has moved 16.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, SM has gained about 12.7% so far this year. At the same time, Oils-Energy stocks have gained an average of 5.8%. This means that SM Energy is outperforming the sector as a whole this year.
Another stock in the Oils-Energy sector, Texas Pacific (TPL - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 42.6%.
In Texas Pacific's case, the consensus EPS estimate for the current year increased 2.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, SM Energy belongs to the Oil and Gas - Exploration and Production - United States industry, a group that includes 36 individual stocks and currently sits at #99 in the Zacks Industry Rank. This group has gained an average of 5.4% so far this year, so SM is performing better in this area.
In contrast, Texas Pacific falls under the Alternative Energy - Other industry. Currently, this industry has 43 stocks and is ranked #52. Since the beginning of the year, the industry has moved +31.5%.
Investors interested in the Oils-Energy sector may want to keep a close eye on SM Energy and Texas Pacific as they attempt to continue their solid performance.