We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Are Oils-Energy Stocks Lagging CORE LABS INC (CLB) This Year?
Read MoreHide Full Article
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Core Laboratories (CLB - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.
Core Laboratories is one of 246 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #16 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. Core Laboratories is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CLB's full-year earnings has moved 8.4% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CLB has returned about 3.6% since the start of the calendar year. Meanwhile, stocks in the Oils-Energy group have gained about 2.6% on average. This means that Core Laboratories is performing better than its sector in terms of year-to-date returns.
Another stock in the Oils-Energy sector, Talen Energy Corporation (TLN - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 167.2%.
In Talen Energy Corporation's case, the consensus EPS estimate for the current year increased 1666.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Core Laboratories belongs to the Oil and Gas - Field Services industry, which includes 24 individual stocks and currently sits at #154 in the Zacks Industry Rank. This group has lost an average of 8.6% so far this year, so CLB is performing better in this area.
Talen Energy Corporation, however, belongs to the Alternative Energy - Other industry. Currently, this 43-stock industry is ranked #201. The industry has moved +32.4% so far this year.
Core Laboratories and Talen Energy Corporation could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Oils-Energy Stocks Lagging CORE LABS INC (CLB) This Year?
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Core Laboratories (CLB - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.
Core Laboratories is one of 246 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #16 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. Core Laboratories is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CLB's full-year earnings has moved 8.4% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CLB has returned about 3.6% since the start of the calendar year. Meanwhile, stocks in the Oils-Energy group have gained about 2.6% on average. This means that Core Laboratories is performing better than its sector in terms of year-to-date returns.
Another stock in the Oils-Energy sector, Talen Energy Corporation (TLN - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 167.2%.
In Talen Energy Corporation's case, the consensus EPS estimate for the current year increased 1666.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Core Laboratories belongs to the Oil and Gas - Field Services industry, which includes 24 individual stocks and currently sits at #154 in the Zacks Industry Rank. This group has lost an average of 8.6% so far this year, so CLB is performing better in this area.
Talen Energy Corporation, however, belongs to the Alternative Energy - Other industry. Currently, this 43-stock industry is ranked #201. The industry has moved +32.4% so far this year.
Core Laboratories and Talen Energy Corporation could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.