Are Oils-Energy Stocks Lagging Western Midstream Partners (WES) This Year?

Zacks
2024-10-11

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Western Midstream (WES) been one of those stocks this year? 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.

Western Midstream is a member of the Oils-Energy sector. This group includes 242 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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. Western Midstream is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for WES' full-year earnings has moved 1.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the latest available data, WES has gained about 34.7% so far this year. At the same time, Oils-Energy stocks have gained an average of 7.6%. As we can see, Western Midstream 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 Williams Companies, Inc. (The) (WMB). The stock is up 42% year-to-date.

In Williams Companies, Inc. (The)'s case, the consensus EPS estimate for the current year increased 2.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, Western Midstream belongs to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, a group that includes 6 individual companies and currently sits at #18 in the Zacks Industry Rank. On average, this group has gained an average of 47.1% so far this year, meaning that WES is slightly underperforming its industry in terms of year-to-date returns.

Williams Companies, Inc. (The), however, belongs to the Oil and Gas - Production and Pipelines industry. Currently, this 9-stock industry is ranked #35. The industry has moved +23.7% so far this year.

Investors with an interest in Oils-Energy stocks should continue to track Western Midstream and Williams Companies, Inc. (The). These stocks will be looking to continue their solid performance.

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

Western Midstream Partners, LP (WES) : Free Stock Analysis Report

Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10