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 Denbury Resources been one of those stocks this year? 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.
Denbury Resources is a member of the Oils-Energy sector. This group includes 328 individual stocks and currently holds a Zacks Sector Rank of #1. 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. DNR is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for DNR's full-year earnings has moved 0.85% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that DNR has returned about 97.29% since the start of the calendar year. In comparison, Oils-Energy companies have returned an average of 5.74%. This means that Denbury Resources is outperforming the sector as a whole this year.
Looking more specifically, DNR belongs to the Oil and Gas - Exploration and Production - United States industry, which includes 74 individual stocks and currently sits at #24 in the Zacks Industry Rank. Stocks in this group have gained about 4.88% so far this year, so DNR is performing better this group in terms of year-to-date returns.
Investors in the Oils-Energy sector will want to keep a close eye on DNR as it attempts to continue its solid performance.
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Is Denbury Resources (DNR) 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 Denbury Resources been one of those stocks this year? 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.
Denbury Resources is a member of the Oils-Energy sector. This group includes 328 individual stocks and currently holds a Zacks Sector Rank of #1. 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. DNR is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for DNR's full-year earnings has moved 0.85% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that DNR has returned about 97.29% since the start of the calendar year. In comparison, Oils-Energy companies have returned an average of 5.74%. This means that Denbury Resources is outperforming the sector as a whole this year.
Looking more specifically, DNR belongs to the Oil and Gas - Exploration and Production - United States industry, which includes 74 individual stocks and currently sits at #24 in the Zacks Industry Rank. Stocks in this group have gained about 4.88% so far this year, so DNR is performing better this group in terms of year-to-date returns.
Investors in the Oils-Energy sector will want to keep a close eye on DNR as it attempts to continue its solid performance.