Has Seadrill Limited (SDRL) Outpaced Other Oils-Energy Stocks This Year?
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Seadrill (SDRL) been one of those stocks this year? Let’s take a closer look at the stock’s year-to-date performance to find out.
Seadrill is one of 255 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #3 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 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. Seadrill is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for SDRL’s full-year earnings has moved 143.8% higher. This means that analyst sentiment is stronger and the stock’s earnings outlook is improving.
According to our latest data, SDRL has moved about 30.2% on a year-to-date basis. In comparison, Oils-Energy companies have returned an average of 29.5%. As we can see, Seadrill is performing better than its sector in the calendar year.
Another stock in the Oils-Energy sector, SunCoke Energy (SXC), has outperformed the sector so far this year. The stock’s year-to-date return is 35.3%.
For SunCoke Energy, the consensus EPS estimate for the current year has increased 60% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Seadrill belongs to the Oil and Gas – Drilling industry, a group that includes 10 individual stocks and currently sits at #92 in the Zacks Industry Rank. On average, this group has gained an average of 41% so far this year, meaning that SDRL is slightly underperforming its industry in terms of year-to-date returns.
SunCoke Energy, however, belongs to the Coal industry. Currently, this 8-stock industry is ranked #46. The industry has moved -6.5% so far this year.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Seadrill and SunCoke Energy as they could maintain their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).