U.S. Markets open in 2 hrs 43 mins

Is Ring Energy (REI) Outperforming Other Oils-Energy Stocks This Year?

Zacks Equity Research

Investors focused on the Oils-Energy space have likely heard of Ring Energy (REI), but is the stock performing well in comparison to the rest of its sector peers? 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 one of 296 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #8 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. REI 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 14.15% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Our latest available data shows that REI has returned about 3.41% since the start of the calendar year. Meanwhile, the Oils-Energy sector has returned an average of 0.31% on a year-to-date basis. This means that Ring Energy is performing better than its sector in terms of year-to-date returns.

Looking more specifically, REI belongs to the Oil and Gas - Exploration and Production - United States industry, which includes 69 individual stocks and currently sits at #64 in the Zacks Industry Rank. On average, this group has lost an average of 0.28% so far this year, meaning that REI is performing better in terms of year-to-date returns.

Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to REI as it looks to continue its solid performance.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Ring Energy, Inc. (REI) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.

  • Business
    Bloomberg

    Beyond Meat Products Pulled From Tim Hortons Canada Restaurants

    The chain had been serving the Beyond Burger and a Beyond Meat breakfast sandwich made with the company's imitation sausage products. The rollback marks a rare setback for the plant-based meat maker, which currently has partnerships with Carl's Jr., Hardee's and Dunkin' Donuts in the U.S., and recently announced an expansion of its partnership with Subway in Canada to begin serving meatball subs nationwide. A Beyond Meat spokesperson confirmed this was a limited time offer and the companies may work together in the future.

  • 3 “Strong Buy” Stocks Under $5 That Are Ready to Run Higher
    Business
    TipRanks

    3 “Strong Buy” Stocks Under $5 That Are Ready to Run Higher

    With Orbcomm's shares trading roughly 4X our 2021 adjusted EBITDA estimate, we view the risk reward on the shares as very positive… We believe if management can execute, the shares should return to higher multiples. What does it mean, then? It means that Walkley keeps his Buy rating on Orbcomm.

  • Analysts divided on how much further Apple shares can climb after ‘blowout results’
    Business
    MarketWatch

    Analysts divided on how much further Apple shares can climb after ‘blowout results’

    No doubt investors are ready to push Apple shares higher Wednesday after record results, but some analysts appeared divided as to how much further this will juice the stock. Apple shares (AAPL) rallied Tuesday after the consumer technology giant reported the second-best quarter ever for iPhone sales, pushing well past expectations and the holiday quarter also saw strong performances from wearables, home and accessories. Shares rose 1.4% in late trade after a forecast-beating revenue outlook for the March quarter.

  • Typical Retirement Savings By Age Groups: Are Yours Bigger?
    Business
    Investor's Business Daily

    Typical Retirement Savings By Age Groups: Are Yours Bigger?

    Active savers — in this case, Americans who own an IRA and-or a 401(k) account in the custody of Fidelity Investments — had savings for retirement of $215,400 as of Sept. according to new data IBD has obtained from Fidelity. In contrast, the average for all working-age families is shockingly low.

  • Jeff Bezos throws a D.C. shindig and Amazon employees protest policy
    Business
    American City Business Journals

    Jeff Bezos throws a D.C. shindig and Amazon employees protest policy

    That stock dip cost CEO and founder Jeff Bezos roughly $2.6 billion in stock value. quot;Scourge of counterfeiting": So, back to the DHS report. The Trump administration said it will clamp down on counterfeit products by targeting sellers and the online platforms they use in a move that could affect Amazon.

  • ‘He owed a lot of back taxes.’ My ex-husband forgot to sign paperwork to split a sizable investment account — then he died. Can his estate claim that money?
    Business
    MarketWatch

    ‘He owed a lot of back taxes.’ My ex-husband forgot to sign paperwork to split a sizable investment account — then he died. Can his estate claim that money?

    One of our investment accounts was ordered to be split $30,000/$60,000, as per our divorce agreement. The investment company says the account is now all mine. Your question has two parts: can his estate come after you for back taxes and can his estate claim the money in your investment account.

  • Apple earnings and sales surge to record, sending stock toward new highs
    Business
    MarketWatch

    Apple earnings and sales surge to record, sending stock toward new highs

    Apple Inc. shares ticked higher in aftermarket trading after the company posted record quarterly results for its holiday quarter Tuesday afternoon while easily topping expectations. Apple (AAPL) also saw strong performance once again from its wearables, home and accessories category, with revenue up 37% to $10.01 billion, another beat relative to the consensus view. Strength in those two segments made up for a disappointing performance from the services business and helped carry Apple to record earnings and revenue.

  • Business
    TheStreet.com

    Jim Cramer: 6 Stocks to Buy on Coronavirus Fears

    The selling was so intense in that period that it didn't matter if you were buying Verizon or Caterpillar or American Electric Power . There were so many people who left Wuhan, the epicenter, when they were still healthy and they are now coming down with the illness. It's pretty clear that the virus spreads from rapidly person to person, so rapidly that we are hearing lots of conspiracies about a bio lab in Wuhan that might have mistakenly discharged the coronavirus and it was not transmitted initially by animals to humans.

  • What to expect in Tesla's 4Q 2019 earnings results
    Business
    Yahoo Finance

    What to expect in Tesla's 4Q 2019 earnings results

    Tesla (TSLA) is scheduled to report quarterly results Wednesday after market close, giving investors a look under the hood at the company's financial performance as its operations in China ramped well ahead of schedule and deliveries hit a fresh record. Here are the main metrics expected from Tesla's fourth-quarter 2019 report, compared to consensus expectations compiled by Bloomberg: Revenue: $7.05 billion vs. $7.23 billion Y/Y Adjusted earnings per share: $1.74, vs. $1.93 Y/Y Tesla's stock has more than doubled since its third-quarter earnings results in October, surging well above the $420 per-share level CEO Elon Musk once considered in a dropped plan to take the company private.

  • Wuhan Coronavirus Infections Could Be 30 Times Higher Than Official Total, Hong Kong Researchers Warn
    World
    Meredith Videos

    Wuhan Coronavirus Infections Could Be 30 Times Higher Than Official Total, Hong Kong Researchers Warn

    The number of people infected with a SARS-like form of coronavirus in Wuhan, China could already be more than 30 times higher the the official tally, researchers in Hong Kong have warned.

  • Business
    Benzinga

    Q4 Earnings Preview For AT&T

    AT&T (NYSE: T) will be releasing its next round of earnings this Wednesday, January 29. For all of the relevant information, here is your guide for Wednesday's Q4 earnings announcement. Based on AT&T management projections, analysts predict EPS of 87 cents on revenue of $46.95 billion.

  • Witnesses describe Bryant helicopter crash
    News
    Associated Press Videos

    Witnesses describe Bryant helicopter crash

    A witness says the helicopter crash that killed nine people including former NBA star Kobe Bryant in Calabasas, California on Sunday sounded like 'a big thud. Jan.

  • Business
    Benzinga

    4 Reasons To Buy Aurora Cannabis Stock

    It's been a rough year for cannabis stocks and even though Aurora Cannabis (NYSE: ACB) is one of the most notable companies in the sector, it had its fair share of struggles in 2019. Following that yearlong downtrend, here are a few reasons to consider buying Aurora's stock in 2020. "Yes, he was quite visible with investors and spoke with retail and institutional investors, but the three key people at ACB in terms of setting strategy are Chairman Michael Singer, CEO Terry Booth, and CFO Glen Ibbott," Cantor Fitzgerald's Pablo Zuanic wrote in a Jan. 13 note.

  • The first stock-market ‘correction since October has begun,’ says Morgan Stanley analyst who called 2018 tech rout
    Business
    MarketWatch

    The first stock-market ‘correction since October has begun,’ says Morgan Stanley analyst who called 2018 tech rout

    However, his prediction that the market is more likely to decline by half that much indicates that he's forecasting a retreat from stocks that have hovered near records rather than a traditional correction. Wall Street investors, perhaps, shouldn't need the strategist to determine the current state of the equities, however. On Monday, the Dow Jones Industrial Average Stock markets have traded south in the past several sessions, with the Dow momentarily losing its grip on gains for 2020, as a rapidly spreading virus in China has sparked fears of a global outbreak that could curtail economic expansion in the world's second-largest economy.

  • Business
    Benzinga

    General Electric's Q4 Earnings Preview

    On Wednesday, January 29, General Electric (NYSE: GE) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release. Wall Street analysts see General Electric reporting earnings of 18 cents per share on revenue of $25.44 billion.

  • The problem with AMD’s data-center business
    Business
    MarketWatch

    The problem with AMD’s data-center business

    If Advanced Micro Devices Inc. is indeed serious about being in the data-center business, the chip maker needs to start telling investors what is happening in that business. AMD'S stock has been on this roll over the past two years largely due to expectations that it would challenge dominant Intel Corp. (INTC) in the higher-margin server market. AMD said its fourth-quarter results were “partially offset” by the semi-custom business, which is mostly driven by custom chip designs for videogaming consoles, a business that is expected to pick up in the second half with a new generation of consoles from Microsoft Corp. (MSFT) and Sony Corp. (SNE) .

  • Silver Price Forecast – Silver Markets Crash
    Business
    FX Empire

    Silver Price Forecast – Silver Markets Crash

    Silver markets have gotten hammered during the trading session on Tuesday, slicing through the 50 day EMA, breaking below the $17.65 level at the same time. Silver has struggled during the trading session and it now looks as if we are going to go much lower. That being said, there is still plenty of support at the $70.00 level, as the 200 day EMA will be coming into the picture.

  • Dow Jones Futures: Apple, AMD, Xilinx Earnings Fuel Big Chip Moves After Stock Market Rebounds From Coronavirus Sell-Off
    Business
    Investor's Business Daily

    Dow Jones Futures: Apple, AMD, Xilinx Earnings Fuel Big Chip Moves After Stock Market Rebounds From Coronavirus Sell-Off

    Dow Jones futures rose modestly Wednesday, along with S&P 500 futures and Nasdaq futures, as Apple stock continued to lead the way. The stock market rally rebounded Tuesday after Monday's sell-off on coronavirus fears. Apple, along with chipmakers Advanced Micro Devices, Maxim Integrated Products and Xilinx, reported earnings after the close.

  • How to keep your retirement accounts safe
    Business
    MarketWatch

    How to keep your retirement accounts safe

    The thought of losing your life savings to hackers can be terrifying — and it's why two of Houston financial adviser Michelle Gessner's clients didn't want to consolidate their retirement assets, even if the move would be financially savvy. The couple had already been the target of identity theft in the past, then with their credit cards, and they were afraid that if they rolled all their money together, they'd be “sitting ducks” at risk of losing their entire nest egg. “The question is real and understandable,” Gessner said.

  • Dow profit beats on Asia demand and cost cuts, sees recovery in 2020
    Business
    Reuters

    Dow profit beats on Asia demand and cost cuts, sees recovery in 2020

    Chemicals maker Dow Inc reported better-than-expected quarterly profit and revenue on Wednesday, helped by higher volumes in Asia as well as cost cuts, and pointed to a recovery in demand this year on the back of easing trade tensions. Dow has been cutting costs to offset a drop in demand for chemicals used in plastics, building materials and paints, amid a global slowdown. The company said it had reduced costs by $35 million in the quarter and would make further cuts this year.

  • Ex-Best Buy exec linked to CEO probe denies affair with Corie Barry
    Business
    American City Business Journals

    Ex-Best Buy exec linked to CEO probe denies affair with Corie Barry

    A former executive at Best Buy Co. Inc. who was alleged to have been romantically involved with Best Buy CEO Corie Barry — a claim that triggered an investigation of the retailer's leader — has denied the allegations. The Star Tribune reports that Karl Sanft, who had been a senior vice president of retail operations at Richfield-based Best Buy (NYSE: BBY) before leaving the company last fall, issued a short rejection via email: "The anonymous allegation that I had an affair with Corie Barry is false." Sanft, now chief operating officer at a California fitness company, was named in an anonymous letter sent to Best Buy's board of directors last month that alleged Barry had engaged in an inappropriate romantic relationship with him before she became CEO. The letter became public knowledge after The Wall Street Journal reported that Best Buy had begun an independent investigation into the matter.

  • China flexes oil refining muscle, upping pain for Asian rivals
    Business
    Reuters

    China flexes oil refining muscle, upping pain for Asian rivals

    SINGAPORE/BEIJING (Reuters) - China is set to further expand its massive oil refining capacity this year, offering support to global oil prices, and U.S. producers in particular, but its plans spell more gloom for Asia's hard-hit refining industry. Already the world's No.2 oil refiner after the United States, China added 800,000 barrels per day (bpd) of capacity last year - 80% of the United Kingdom's refinery throughput - and analysts expect a further 460,000 bpd to become operational in 2020. Chinese exports of diesel, gasoline and jet fuel combined jumped 20% in 2019, reaching as far as Mexico, Nigeria and Italy, and weighing on global refining margins.

  • 3 Tech Stocks to Play the 5G Boom In 2020
    World
    TipRanks

    3 Tech Stocks to Play the 5G Boom In 2020

    Older chips are not compatible with the new technology, and semiconductor and smartphone makers – who have had a rough time in recent years – see a positive turn ahead as they roll out upgraded products. From an investor's perspective, the hardware makers' coming 5G boom represents an opportunity. As equipment manufacturers and end users switch to the new devices, the hardware companies will see increased sales, higher profits, and a consequent rise in share prices.

  • AbbVie Is Nearing Takeover Of Allergan — Is It Time To Add AbbVie Stock?
    Business
    Investor's Business Daily

    AbbVie Is Nearing Takeover Of Allergan — Is It Time To Add AbbVie Stock?

    AbbVie stock ended 2019 on a high note — rocketing about 40% from its low point in August as investors re-evaluated the $63 billion plan to buy Botox-maker Allergan. The takeover deal certainly helps AbbVie diversify away from Humira, a blockbuster drug that treats inflammatory conditions. Humira already faces biosimilar rivals in Europe, and will lose patent protection in the U.S. in 2023.

  • Goldman Sachs: 3 Healthcare Stocks to Snap Up Now
    Business
    TipRanks

    Goldman Sachs: 3 Healthcare Stocks to Snap Up Now

    Highlighting the healthcare services sector in particular, the firm notes that while it anticipates fourth quarter results will fall in line with expectations, the key area to watch is 2020 guidance. We believe 2020 outlooks will matter more, and see some potential for these updates to be overshadowed by political developments – specifically, upcoming Democratic primaries, where investors seem braced for a win (or two) by Senator Sanders, a Democratic candidate who supports the elimination of private health insurance,” analyst Stephen Tanal explained.