Are Oils-Energy Stocks Lagging Ampol Limited - Unsponsored ADR (CTXAY) 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. Is Ampol Limited - Unsponsored ADR (CTXAY) one of those stocks right now? 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.

Ampol Limited - Unsponsored ADR is a member of the Oils-Energy sector. This group includes 252 individual stocks and currently holds a Zacks Sector Rank of #10. 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. Ampol Limited - Unsponsored ADR is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for CTXAY's full-year earnings has moved 34.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, CTXAY has moved about 34.5% on a year-to-date basis. Meanwhile, the Oils-Energy sector has returned an average of 31.6% on a year-to-date basis. This means that Ampol Limited - Unsponsored ADR is performing better than its sector in terms of year-to-date returns.

Another Oils-Energy stock, which has outperformed the sector so far this year, is National Energy Services Reunited (NESR). The stock has returned 114.2% year-to-date.

The consensus estimate for National Energy Services Reunited's current year EPS has increased 10.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, Ampol Limited - Unsponsored ADR belongs to the Oil and Gas - Refining and Marketing industry, which includes 16 individual stocks and currently sits at #21 in the Zacks Industry Rank. Stocks in this group have gained about 80.6% so far this year, so CTXAY is slightly underperforming its industry this group in terms of year-to-date returns.

In contrast, National Energy Services Reunited falls under the Oil and Gas - Mechanical and and Equipment industry. Currently, this industry has 12 stocks and is ranked #95. Since the beginning of the year, the industry has moved +41.6%.

Ampol Limited - Unsponsored ADR and National Energy Services Reunited could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.

7 Best Stocks for the Next 30 Days

Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."

Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. 

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