Has INPLAY OIL CP (IPOOF) Outpaced Other Oils-Energy Stocks 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 INPLAY OIL CP (IPOOF) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

INPLAY OIL CP is a member of our Oils-Energy group, which includes 252 different companies and currently sits at #11 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 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. INPLAY OIL CP is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for IPOOF's full-year earnings has moved 233.3% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the most recent data, IPOOF has returned 31.8% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 29.1% on a year-to-date basis. As we can see, INPLAY OIL CP is performing better than its sector in the calendar year.

Another Oils-Energy stock, which has outperformed the sector so far this year, is Kosmos Energy (KOS). The stock has returned 178.8% year-to-date.

For Kosmos Energy, the consensus EPS estimate for the current year has increased 87.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, INPLAY OIL CP belongs to the Oil and Gas - Exploration and Production - Canadian industry, a group that includes 8 individual stocks and currently sits at #193 in the Zacks Industry Rank. This group has gained an average of 45.4% so far this year, so IPOOF is slightly underperforming its industry in this area.

On the other hand, Kosmos Energy belongs to the Oil and Gas - Exploration and Production - International industry. This 9-stock industry is currently ranked #193. The industry has moved +57.4% year to date.

INPLAY OIL CP and Kosmos Energy 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).

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