Investors focused on the Oils-Energy space have likely heard of EOG Resources (EOG), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.
EOG Resources is a member of our Oils-Energy group, which includes 335 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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 #1 (Strong Buy).
The Zacks Consensus Estimate for EOG's full-year earnings has moved 59.28% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, EOG has moved about 9% on a year-to-date basis. At the same time, Oils-Energy stocks have gained an average of 5.53%. This means that EOG Resources is outperforming the sector as a whole this year.
To break things down more, EOG belongs to the Oil and Gas – Exploration and Production – United States industry, a group that includes 74 individual companies and currently sits at #157 in the Zacks Industry Rank. On average, this group has gained an average of 2.74% 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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