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Has Ring Energy (REI) Outpaced Other Oils-Energy Stocks This Year?

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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 Ring Energy (REI) 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.

Ring Energy is a member of the Oils-Energy sector. This group includes 256 individual stocks and currently holds a Zacks Sector Rank of #2. 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 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. Ring Energy is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for REI's full-year earnings has moved 13.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, REI has returned 28.1% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 15.3% on average. This shows that Ring Energy is outperforming its peers so far this year.

Another Oils-Energy stock, which has outperformed the sector so far this year, is RPC (RES). The stock has returned 75.8% year-to-date.

The consensus estimate for RPC's current year EPS has increased 35.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Breaking things down more, Ring Energy is a member of the Oil and Gas - Exploration and Production - United States industry, which includes 42 individual companies and currently sits at #54 in the Zacks Industry Rank. On average, stocks in this group have gained 18.5% this year, meaning that REI is performing better in terms of year-to-date returns.

On the other hand, RPC belongs to the Oil and Gas - Field Services industry. This 28-stock industry is currently ranked #73. The industry has moved +3.5% year to date.

Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Ring Energy and RPC as they could maintain their solid performance.

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Ring Energy, Inc. (REI) : Free Stock Analysis Report
RPC, Inc. (RES) : Free Stock Analysis Report
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