Are Oils-Energy Stocks Lagging Par Pacific (PARR) This Year?

The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Par Petroleum (PARR) one of those stocks right now? 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.

Par Petroleum is a member of our Oils-Energy group, which includes 250 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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. Par Petroleum is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for PARR's full-year earnings has moved 36.7% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, PARR has returned 133.6% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 34.3% on average. This shows that Par Petroleum is outperforming its peers so far this year.

One other Oils-Energy stock that has outperformed the sector so far this year is Phillips 66 (PSX). The stock is up 100.8% year-to-date.

Over the past three months, Phillips 66's consensus EPS estimate for the current year has increased 35%. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, Par Petroleum belongs to the Oil and Gas - Refining and Marketing industry, which includes 16 individual stocks and currently sits at #9 in the Zacks Industry Rank. On average, stocks in this group have gained 126.8% this year, meaning that PARR is performing better in terms of year-to-date returns. Phillips 66 is also part of the same industry.

Investors with an interest in Oils-Energy stocks should continue to track Par Petroleum and Phillips 66. These stocks will be looking to continue their solid performance.

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This article originally published on Zacks Investment Research (zacks.com).

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