Are Oils-Energy Stocks Lagging BP (BP) This Year?

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 BP (BP) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.BP is a member of the Oils-Energy sector. This group includes 238 individual stocks and currently holds a Zacks Sector Rank of #1. 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. BP is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past 90 days, the Zacks Consensus Estimate for BP's full-year earnings has moved 95.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.According to our latest data, BP has moved about 32.9% on a year-to-date basis. Meanwhile, stocks in the Oils-Energy group have gained about 32.6% on average. As we can see, BP 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 Chord Energy Corporation (CHRD). The stock is up 61.4% year-to-date.Over the past three months, Chord Energy Corporation's consensus EPS estimate for the current year has increased 349.2%. The stock currently has a Zacks Rank #1 (Strong Buy).Looking more specifically, BP belongs to the Oil and Gas - Integrated - International industry, a group that includes 16 individual stocks and currently sits at #2 in the Zacks Industry Rank. On average, stocks in this group have gained 33.6% this year, meaning that BP is slightly underperforming its industry in terms of year-to-date returns. On the other hand, Chord Energy Corporation belongs to the Oil and Gas - Exploration and Production - United States industry. This 34-stock industry is currently ranked #22. The industry has moved +33.4% year to date.Investors with an interest in Oils-Energy stocks should continue to track BP and Chord Energy Corporation. These stocks will be looking to continue their solid performance.Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>This article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks