Is GE Vernova Inc. (GEV) Outperforming Other Oils-Energy Stocks 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. GE Vernova (GEV) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.GE Vernova is a member of the Oils-Energy sector. This group includes 238 individual stocks and currently holds a Zacks Sector Rank of #7. 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. GE Vernova is currently sporting a Zacks Rank of #2 (Buy).Within the past quarter, the Zacks Consensus Estimate for GEV's full-year earnings has moved 6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Our latest available data shows that GEV has returned about 72.5% since the start of the calendar year. At the same time, Oils-Energy stocks have gained an average of 21.4%. As we can see, GE Vernova is performing better than its sector in the calendar year.Liberty Energy (LBRT) is another Oils-Energy stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 50.9%.In Liberty Energy's case, the consensus EPS estimate for the current year increased 162.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).To break things down more, GE Vernova belongs to the Alternative Energy - Other industry, a group that includes 50 individual companies and currently sits at #104 in the Zacks Industry Rank. This group has gained an average of 23.3% so far this year, so GEV is performing better in this area. In contrast, Liberty Energy falls under the Oil and Gas - Field Services industry. Currently, this industry has 19 stocks and is ranked #176. Since the beginning of the year, the industry has moved +32.4%.Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to GE Vernova and Liberty Energy as they could maintain their solid performance.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks