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Is Galp Energia (GLPEY) Stock Outpacing Its Oils-Energy Peers This Year?
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Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Galp Energia SGPS SA (GLPEY - Free Report) been one of those stocks this year? 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.
Galp Energia SGPS SA is a member of the Oils-Energy sector. This group includes 241 individual stocks and currently holds a Zacks Sector Rank of #16. 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. Galp Energia SGPS SA is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for GLPEY's full-year earnings has moved 10.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that GLPEY has returned about 14.1% since the start of the calendar year. In comparison, Oils-Energy companies have returned an average of 3%. As we can see, Galp Energia SGPS SA is performing better than its sector in the calendar year.
One other Oils-Energy stock that has outperformed the sector so far this year is Talen Energy Corporation (TLN - Free Report) . The stock is up 90.7% year-to-date.
The consensus estimate for Talen Energy Corporation's current year EPS has increased 3.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Galp Energia SGPS SA belongs to the Oil and Gas - Refining and Marketing industry, which includes 13 individual stocks and currently sits at #100 in the Zacks Industry Rank. This group has gained an average of 10.4% so far this year, so GLPEY is performing better in this area.
On the other hand, Talen Energy Corporation belongs to the Alternative Energy - Other industry. This 41-stock industry is currently ranked #147. The industry has moved +35.3% year to date.
Investors interested in the Oils-Energy sector may want to keep a close eye on Galp Energia SGPS SA and Talen Energy Corporation as they attempt to continue their solid performance.
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Is Galp Energia (GLPEY) Stock Outpacing Its Oils-Energy Peers This Year?
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Galp Energia SGPS SA (GLPEY - Free Report) been one of those stocks this year? 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.
Galp Energia SGPS SA is a member of the Oils-Energy sector. This group includes 241 individual stocks and currently holds a Zacks Sector Rank of #16. 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. Galp Energia SGPS SA is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for GLPEY's full-year earnings has moved 10.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that GLPEY has returned about 14.1% since the start of the calendar year. In comparison, Oils-Energy companies have returned an average of 3%. As we can see, Galp Energia SGPS SA is performing better than its sector in the calendar year.
One other Oils-Energy stock that has outperformed the sector so far this year is Talen Energy Corporation (TLN - Free Report) . The stock is up 90.7% year-to-date.
The consensus estimate for Talen Energy Corporation's current year EPS has increased 3.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Galp Energia SGPS SA belongs to the Oil and Gas - Refining and Marketing industry, which includes 13 individual stocks and currently sits at #100 in the Zacks Industry Rank. This group has gained an average of 10.4% so far this year, so GLPEY is performing better in this area.
On the other hand, Talen Energy Corporation belongs to the Alternative Energy - Other industry. This 41-stock industry is currently ranked #147. The industry has moved +35.3% year to date.
Investors interested in the Oils-Energy sector may want to keep a close eye on Galp Energia SGPS SA and Talen Energy Corporation as they attempt to continue their solid performance.