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Is Eni SpA (E) Stock Outpacing Its Oils-Energy Peers This Year?

Denbury Resources (DNR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Investors focused on the Oils-Energy space have likely heard of Eni SpA (E), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of E and the rest of the Oils-Energy group's stocks.

Eni SpA is one of 328 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

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. E is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for E's full-year earnings has moved 21.97% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, E has gained about 1.54% so far this year. Meanwhile, stocks in the Oils-Energy group have lost about 3.06% on average. This means that Eni SpA is outperforming the sector as a whole this year.

Looking more specifically, E belongs to the Oil and Gas - Integrated - International industry, a group that includes 14 individual stocks and currently sits at #36 in the Zacks Industry Rank. On average, this group has lost an average of 0.08% so far this year, meaning that E is performing better in terms of year-to-date returns.

Investors with an interest in Oils-Energy stocks should continue to track E. The stock will be looking to continue its solid performance.


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