Are Oils-Energy Stocks Lagging National Fuel Gas Company (NFG) 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. Is National Fuel Gas (NFG) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.National Fuel Gas is a member of our Oils-Energy group, which includes 246 different companies and currently sits at #14 in the Zacks Sector Rank. 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. National Fuel Gas is currently sporting a Zacks Rank of #2 (Buy).Within the past quarter, the Zacks Consensus Estimate for NFG's full-year earnings has moved 2.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.According to our latest data, NFG has moved about 35.3% on a year-to-date basis. Meanwhile, the Oils-Energy sector has returned an average of -7% on a year-to-date basis. This shows that National Fuel Gas is outperforming its peers so far this year.One other Oils-Energy stock that has outperformed the sector so far this year is Nano Nuclear Energy Inc. (NNE). The stock is up 0.9% year-to-date.For Nano Nuclear Energy Inc. the consensus EPS estimate for the current year has increased 37% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Breaking things down more, National Fuel Gas is a member of the Oil and Gas - Integrated - United States industry, which includes 15 individual companies and currently sits at #73 in the Zacks Industry Rank. On average, this group has lost an average of 10.5% so far this year, meaning that NFG is performing better in terms of year-to-date returns.On the other hand, Nano Nuclear Energy Inc. belongs to the Alternative Energy - Other industry. This 44-stock industry is currently ranked #158. The industry has moved +9% year to date.Investors interested in the Oils-Energy sector may want to keep a close eye on National Fuel Gas and Nano Nuclear Energy Inc. as they attempt 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 National Fuel Gas Company (NFG): Free Stock Analysis Report Nano Nuclear Energy Inc. (NNE): 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