Investors focused on the Oils-Energy space have likely heard of Sunoco (SUN), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of SUN and the rest of the Oils-Energy group's stocks.
Sunoco is a member of the Oils-Energy sector. This group includes 323 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 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. SUN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for SUN's full-year earnings has moved 6.71% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, SUN has gained about 8.72% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 7.03% on a year-to-date basis. This means that Sunoco is performing better than its sector in terms of year-to-date returns.
To break things down more, SUN belongs to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, a group that includes 14 individual companies and currently sits at #162 in the Zacks Industry Rank. This group has gained an average of 13.72% so far this year, so SUN is slightly underperforming its industry in this area.
Investors with an interest in Oils-Energy stocks should continue to track SUN. The stock will be looking to continue its solid performance.
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Has Sunoco (SUN) Outpaced Other Oils-Energy Stocks This Year?
Investors focused on the Oils-Energy space have likely heard of Sunoco (SUN), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of SUN and the rest of the Oils-Energy group's stocks.
Sunoco is a member of the Oils-Energy sector. This group includes 323 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 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. SUN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for SUN's full-year earnings has moved 6.71% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, SUN has gained about 8.72% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 7.03% on a year-to-date basis. This means that Sunoco is performing better than its sector in terms of year-to-date returns.
To break things down more, SUN belongs to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, a group that includes 14 individual companies and currently sits at #162 in the Zacks Industry Rank. This group has gained an average of 13.72% so far this year, so SUN is slightly underperforming its industry in this area.
Investors with an interest in Oils-Energy stocks should continue to track SUN. The stock will be looking to continue its solid performance.