Investors in Oils-Energy stocks should look for top-performing companies. Is Peabody Energy BTU one of them? Let’s compare its year-to-date performance with the Oils-Energy sector.
Peabody Energy is among 242 companies in the Oils-Energy sector, currently ranked #16 by Zacks. This ranking sorts sectors based on the average Zacks Rank of companies.
The Zacks Rank is a tool for picking stocks, focusing on earnings estimates. Peabody Energy holds a Zacks Rank of #2 (Buy).
In the last 90 days, analysts boosted BTU’s earnings estimate by 20.7%, reflecting positive sentiment.
Since the beginning of the year, BTU has gained about 10%, outperforming the Oils-Energy sector’s average increase of 7.5%.
Another strong performer is Oneok Inc. OKE, with a year-to-date return of 38.9%.
Oneok’s earnings estimate has risen by 2.9% in the last three months, and it also has a Zacks Rank of #2 (Buy).
Peabody Energy belongs to the Coal industry, which has seen a 2.5% gain this year, meaning BTU is outperforming its peers.
In comparison, Oneok is in the Oil and Gas – Production Pipeline – MLB industry, which has grown by 19.7% this year.
Investors should keep an eye on Peabody Energy and Oneok Inc. as they appear set to continue their good performance.
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