The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Montauk Renewables (MNTK) been one of those stocks this year? 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.
Montauk Renewables is a member of our Oils-Energy group, which includes 250 different companies and currently sits at #4 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 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. Montauk Renewables is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for MNTK's full-year earnings has moved 20% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, MNTK has returned 39.5% so far this year. At the same time, Oils-Energy stocks have gained an average of 31.3%. This shows that Montauk Renewables is outperforming its peers so far this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Oceaneering International (OII). The stock has returned 91.1% year-to-date.
Over the past three months, Oceaneering International's consensus EPS estimate for the current year has increased 11.1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Montauk Renewables belongs to the Alternative Energy - Other industry, which includes 56 individual stocks and currently sits at #92 in the Zacks Industry Rank. This group has gained an average of 8.8% so far this year, so MNTK is performing better in this area.
Oceaneering International, however, belongs to the Oil and Gas - Field Services industry. Currently, this 19-stock industry is ranked #87. The industry has moved +27.3% so far this year.
Investors interested in the Oils-Energy sector may want to keep a close eye on Montauk Renewables and Oceaneering International as they attempt to continue their solid performance.
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Montauk Renewables, Inc. (MNTK): Free Stock Analysis Report
Oceaneering International, Inc. (OII): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).