The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. HF Sinclair (DINO) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
HF Sinclair is a member of the Oils-Energy sector. This group includes 244 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. HF Sinclair is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for DINO's full-year earnings has moved 76.8% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, DINO has moved about 49% on a year-to-date basis. At the same time, Oils-Energy stocks have gained an average of 7.7%. As we can see, HF Sinclair is performing better than its sector in the calendar year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Subsea 7 SA (SUBCY). The stock has returned 22% year-to-date.
For Subsea 7 SA, the consensus EPS estimate for the current year has increased 6.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, HF Sinclair is a member of the Oil and Gas - Refining and Marketing industry, which includes 15 individual companies and currently sits at #90 in the Zacks Industry Rank. This group has gained an average of 19.6% so far this year, so DINO is performing better in this area.
On the other hand, Subsea 7 SA belongs to the Oil and Gas - Field Services industry. This 23-stock industry is currently ranked #52. The industry has moved +7.4% year to date.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to HF Sinclair and Subsea 7 SA as they could maintain their solid performance.
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HF Sinclair Corporation (DINO): Free Stock Analysis Report Subsea 7 SA (SUBCY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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