Is National Fuel Gas Company (NFG) Outperforming Other Oils-Energy Stocks This Year?

Zacks
2024-12-13

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 National Fuel Gas (NFG) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

National Fuel Gas is one of 240 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #14 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. National Fuel Gas is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for NFG's full-year earnings has moved 5.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Our latest available data shows that NFG has returned about 21.2% since the start of the calendar year. Meanwhile, stocks in the Oils-Energy group have gained about 5.4% on average. This shows that National Fuel Gas is outperforming its peers so far this year.

One other Oils-Energy stock that has outperformed the sector so far this year is ProPetro Holding (PUMP). The stock is up 12.4% year-to-date.

For ProPetro Holding, the consensus EPS estimate for the current year has increased 10.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, National Fuel Gas belongs to the Oil and Gas - Integrated - United States industry, a group that includes 14 individual companies and currently sits at #200 in the Zacks Industry Rank. On average, this group has lost an average of 10.9% so far this year, meaning that NFG is performing better in terms of year-to-date returns.

ProPetro Holding, however, belongs to the Oil and Gas - Field Services industry. Currently, this 23-stock industry is ranked #73. The industry has moved -2.9% so far this year.

Investors interested in the Oils-Energy sector may want to keep a close eye on National Fuel Gas and ProPetro Holding as they attempt to continue their solid performance.

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

National Fuel Gas Company (NFG) : Free Stock Analysis Report

ProPetro Holding Corp. (PUMP) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10