The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Archrock Inc. (AROC) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Archrock Inc. is a member of our Oils-Energy group, which includes 247 different companies and currently sits at #7 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Archrock Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for AROC's full-year earnings has moved 19.4% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, AROC has returned 3.2% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 2.6% on average. This means that Archrock Inc. is performing better than its sector in terms of year-to-date returns.
Flotek Industries (FTK) is another Oils-Energy stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 7.1%.
For Flotek Industries, the consensus EPS estimate for the current year has increased 18.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Archrock Inc. belongs to the Oil and Gas - Field Services industry, a group that includes 22 individual companies and currently sits at #130 in the Zacks Industry Rank. On average, stocks in this group have gained 0.9% this year, meaning that AROC is performing better in terms of year-to-date returns. Flotek Industries is also part of the same industry.
Archrock Inc. and Flotek Industries could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.
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This article originally published on Zacks Investment Research (zacks.com).
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