Are Oils-Energy Stocks Lagging Repsol (REPYY) 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. Has Repsol SA (REPYY) 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.

Repsol SA is a member of the Oils-Energy sector. This group includes 240 individual stocks and currently holds a Zacks Sector Rank of #1. 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. Repsol SA is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for REPYY's full-year earnings has moved 44.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, REPYY has moved about 43.1% on a year-to-date basis. Meanwhile, the Oils-Energy sector has returned an average of 28.1% on a year-to-date basis. This shows that Repsol SA is outperforming its peers so far this year.

Another stock in the Oils-Energy sector, CVR Energy (CVI), has outperformed the sector so far this year. The stock's year-to-date return is 28.5%.

Over the past three months, CVR Energy's consensus EPS estimate for the current year has increased 77.7%. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Repsol SA belongs to the Oil and Gas - Integrated - International industry, which includes 16 individual stocks and currently sits at #7 in the Zacks Industry Rank. This group has gained an average of 31.2% so far this year, so REPYY is performing better in this area.

CVR Energy, however, belongs to the Oil and Gas - Refining and Marketing industry. Currently, this 17-stock industry is ranked #39. The industry has moved +42.5% so far this year.

Repsol SA and CVR Energy could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.

Free Report: Profiting from the 2nd Wave of AI Explosion

The next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.

Investors who bought shares like Nvidia at the right time have had a shot at huge gains.

But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.

Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

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

Zacks Investment Research

Source Zacks-com