Is HF Sinclair (DINO) Outperforming Other Oils-Energy Stocks This Year?

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Is HF Sinclair (DINO) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.

HF Sinclair is one of 255 companies in the Oils-Energy group. The Oils-Energy group currently sits at #3 within 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. HF Sinclair is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for DINO's full-year earnings has moved 86.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the most recent data, DINO has returned 146% so far this year. In comparison, Oils-Energy companies have returned an average of 29.5%. This means that HF Sinclair 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 Ultrapar Participacoes S.A. (UGP). The stock has returned 97.6% year-to-date.

In Ultrapar Participacoes S.A.'s case, the consensus EPS estimate for the current year increased 57.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, HF Sinclair belongs to the Oil and Gas - Refining and Marketing industry, which includes 15 individual stocks and currently sits at #22 in the Zacks Industry Rank. On average, stocks in this group have gained 134% this year, meaning that DINO is performing better in terms of year-to-date returns.

In contrast, Ultrapar Participacoes S.A. falls under the Oil and Gas - Production and Pipelines industry. Currently, this industry has 10 stocks and is ranked #76. Since the beginning of the year, the industry has moved +8.3%.

Investors interested in the Oils-Energy sector may want to keep a close eye on HF Sinclair and Ultrapar Participacoes S.A. as they attempt to continue their solid performance.

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This article originally published on Zacks Investment Research (zacks.com).

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