Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is Chesapeake Energy one of those stocks right now? 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.
Chesapeake Energy is one of 329 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. CHK is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CHK's full-year earnings has moved 3.07% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CHK has returned 1.01% so far this year. At the same time, Oils-Energy stocks have lost an average of 1.84%. As we can see, Chesapeake Energy is performing better than its sector in the calendar year.
Breaking things down more, CHK is a member of the Oil and Gas - Exploration and Production - United States industry, which includes 78 individual companies and currently sits at #29 in the Zacks Industry Rank. This group has lost an average of 11.04% so far this year, so CHK is performing better in this area.
Investors in the Oils-Energy sector will want to keep a close eye on CHK as it attempts to continue its solid performance.
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Is Chesapeake Energy (CHK) Outperforming Other Oils-Energy Stocks This Year?
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is Chesapeake Energy one of those stocks right now? 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.
Chesapeake Energy is one of 329 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. CHK is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CHK's full-year earnings has moved 3.07% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CHK has returned 1.01% so far this year. At the same time, Oils-Energy stocks have lost an average of 1.84%. As we can see, Chesapeake Energy is performing better than its sector in the calendar year.
Breaking things down more, CHK is a member of the Oil and Gas - Exploration and Production - United States industry, which includes 78 individual companies and currently sits at #29 in the Zacks Industry Rank. This group has lost an average of 11.04% so far this year, so CHK is performing better in this area.
Investors in the Oils-Energy sector will want to keep a close eye on CHK as it attempts to continue its solid performance.