The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has HF Sinclair (DINO) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.
HF Sinclair is one of 254 companies in the Oils-Energy group. The Oils-Energy group currently sits at #2 within 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 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 #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for DINO's full-year earnings has moved 67.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, DINO has moved about 171.9% on a year-to-date basis. Meanwhile, the Oils-Energy sector has returned an average of 40.7% on a year-to-date basis. As we can see, HF Sinclair is performing better than its sector in the calendar year.
Another stock in the Oils-Energy sector, Occidental Petroleum (OXY), has outperformed the sector so far this year. The stock's year-to-date return is 53%.
The consensus estimate for Occidental Petroleum's current year EPS has increased 13.7% 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 #4 in the Zacks Industry Rank. On average, this group has gained an average of 155.6% so far this year, meaning that DINO is performing better in terms of year-to-date returns.
Occidental Petroleum, however, belongs to the Oil and Gas - Integrated - United States industry. Currently, this 13-stock industry is ranked #164. The industry has moved +42.8% so far this year.
HF Sinclair and Occidental Petroleum could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.
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This article originally published on Zacks Investment Research (zacks.com).