For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Flotek Industries (FTK) 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.
Flotek Industries is a member of our Oils-Energy group, which includes 245 different companies and currently sits at #16 in the Zacks Sector Rank. 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 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. Flotek Industries is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for FTK's full-year earnings has moved 22.1% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, FTK has gained about 59% so far this year. In comparison, Oils-Energy companies have returned an average of -0.6%. This means that Flotek Industries is performing better than its sector in terms of year-to-date returns.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Gibson Energy Inc. (GBNXF). The stock has returned 0.7% year-to-date.
Over the past three months, Gibson Energy Inc.'s consensus EPS estimate for the current year has increased 0.9%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Flotek Industries is a member of the Oil and Gas - Field Services industry, which includes 23 individual companies and currently sits at #134 in the Zacks Industry Rank. On average, this group has lost an average of 9.6% so far this year, meaning that FTK is performing better in terms of year-to-date returns.
Gibson Energy Inc. however, belongs to the Oil and Gas - Integrated - Canadian industry. Currently, this 4-stock industry is ranked #227. The industry has moved +0.4% so far this year.
Investors interested in the Oils-Energy sector may want to keep a close eye on Flotek Industries and Gibson Energy Inc. as they attempt to continue their solid performance.
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Flotek Industries, Inc. (FTK): Free Stock Analysis Report Gibson Energy Inc. (GBNXF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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