Technology

Is Apache (APA) Stock Outpacing Its Oils-Energy Peers This Year?

Investors focused on the Oils-Energy space have likely heard of Apache (APA), 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.

Apache is one of 311 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #7 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. APA is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for APA's full-year earnings has moved 90.65% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that APA has returned about 38.78% since the start of the calendar year. Meanwhile, stocks in the Oils-Energy group have gained about 16.70% on average. This means that Apache is outperforming the sector as a whole this year.

Looking more specifically, APA belongs to the Oil and Gas - Exploration and Production - United States industry, a group that includes 74 individual stocks and currently sits at #96 in the Zacks Industry Rank. Stocks in this group have gained about 22.60% so far this year, so APA is performing better this group in terms of year-to-date returns.

Investors in the Oils-Energy sector will want to keep a close eye on APA as it attempts to continue its solid performance.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.