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Has EOG Resources (EOG) Outpaced Other Oils-Energy Stocks This Year?
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Investors focused on the Oils-Energy space have likely heard of EOG Resources (EOG - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
EOG Resources is a member of our Oils-Energy group, which includes 331 different companies and currently sits at #2 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 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. EOG is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for EOG's full-year earnings has moved 5.04% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, EOG has moved about 9.86% on a year-to-date basis. In comparison, Oils-Energy companies have returned an average of 3.61%. This means that EOG Resources is outperforming the sector as a whole this year.
Breaking things down more, EOG is a member of the Oil and Gas - Exploration and Production - United States industry, which includes 79 individual companies and currently sits at #59 in the Zacks Industry Rank. On average, this group has lost an average of 1.15% so far this year, meaning that EOG is performing better in terms of year-to-date returns.
Investors with an interest in Oils-Energy stocks should continue to track EOG. The stock will be looking to continue its solid performance.
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Has EOG Resources (EOG) Outpaced Other Oils-Energy Stocks This Year?
Investors focused on the Oils-Energy space have likely heard of EOG Resources (EOG - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
EOG Resources is a member of our Oils-Energy group, which includes 331 different companies and currently sits at #2 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 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. EOG is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for EOG's full-year earnings has moved 5.04% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, EOG has moved about 9.86% on a year-to-date basis. In comparison, Oils-Energy companies have returned an average of 3.61%. This means that EOG Resources is outperforming the sector as a whole this year.
Breaking things down more, EOG is a member of the Oil and Gas - Exploration and Production - United States industry, which includes 79 individual companies and currently sits at #59 in the Zacks Industry Rank. On average, this group has lost an average of 1.15% so far this year, meaning that EOG is performing better in terms of year-to-date returns.
Investors with an interest in Oils-Energy stocks should continue to track EOG. The stock will be looking to continue its solid performance.