Are Oils-Energy Stocks Lagging EQT (EQT) 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. EQT Corporation (EQT) 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? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.EQT Corporation is one of 246 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #14 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 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. EQT Corporation is currently sporting a Zacks Rank of #2 (Buy).Over the past three months, the Zacks Consensus Estimate for EQT's full-year earnings has moved 3.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Based on the latest available data, EQT has gained about 3.4% so far this year. Meanwhile, stocks in the Oils-Energy group have lost about 9.5% on average. As we can see, EQT Corporation 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 TC Energy (TRP). The stock is up 4.1% year-to-date.In TC Energy's case, the consensus EPS estimate for the current year increased 3.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, EQT Corporation belongs to the Oil and Gas - Exploration and Production - United States industry, a group that includes 36 individual stocks and currently sits at #202 in the Zacks Industry Rank. Stocks in this group have lost about 30.1% so far this year, so EQT is performing better this group in terms of year-to-date returns.In contrast, TC Energy falls under the Alternative Energy - Other industry. Currently, this industry has 44 stocks and is ranked #146. Since the beginning of the year, the industry has moved -8.5%.Investors with an interest in Oils-Energy stocks should continue to track EQT Corporation and TC Energy. These stocks will be looking to continue their solid performance.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EQT Corporation (EQT): Free Stock Analysis Report TC Energy Corporation (TRP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks