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 252 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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 #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DINO's full-year earnings has moved 57% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, DINO has returned 95.3% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 24.8% on a year-to-date basis. This shows that HF Sinclair is outperforming its peers so far this year.
One other Oils-Energy stock that has outperformed the sector so far this year is HighPeak Energy, Inc. (HPK). The stock is up 39.9% year-to-date.
Over the past three months, HighPeak Energy, Inc.'s consensus EPS estimate for the current year has increased 76.1%. 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 16 individual stocks and currently sits at #19 in the Zacks Industry Rank. On average, this group has gained an average of 59.1% so far this year, meaning that DINO is performing better in terms of year-to-date returns.
On the other hand, HighPeak Energy, Inc. belongs to the Oil and Gas - Exploration and Production - United States industry. This 34-stock industry is currently ranked #217. The industry has moved +24.9% year to date.
HF Sinclair and HighPeak Energy, Inc. 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).