For those looking to find strong oil and energy stocks, it is prudent to look for group companies that outperform their peers. Is Comstock Resources (CRK) one of those stocks right now? Looking at the stock’s year-to-date performance against its Oil & Energy peers, we might be able to answer that question.
Comstock Resources is a member of the Oil & Energy sector. This group comprises 257 individual stocks and currently holds a Zacks Sector Rank of #1. The Zacks Sector Ranking includes 16 different groups and is ranked from best to worst in terms of the average Zacks Ranking of individual companies in each of these sectors.
The Zacks Ranking is a successful stock selection 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. Comstock Resources currently sports a Zacks ranking of No. 1 (Strong Buy).
Over the past 90 days, the Zacks consensus estimate for CRK’s annual earnings has risen 31.3%. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger.
According to our latest data, CRK has evolved by around 108.2% since the beginning of the year. At the same time, Oil & Energy stocks gained an average of 28.5%. This means that Comstock Resources has outperformed its sector in terms of performance so far this year.
Another Oil & Energy stock, Vaalco Energy (EGY), has outperformed the sector so far this year. The return on the share since the beginning of the year is 123.1%.
Vaalco Energy’s current-year EPS consensus estimate rose 7.4% in the past three months. The stock currently has a Zacks rank #2 (buy).
Breaking down further, Comstock Resources is a member of the Oil and Gas Industry – Exploration and Production – United States, which comprises 41 individual companies and is currently ranked 6th in the Zacks Industry Rankings. On average, stocks in this group have gained 41.7% this year, meaning CRK is doing better in terms of yield year-to-date.
On the other hand, Vaalco Energy falls under the Oil and Gas – Exploration and Production – International segment. Currently, this industry has 9 stocks and ranks 13th. Since the beginning of the year, the industry has moved by +83.9%.
Comstock Resources and Vaalco Energy may continue their strong performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.
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