Are Oils-Energy Stocks Lagging Oceaneering International (OII) This Year?

Oceaneering International (OII) is substantially outperforming its Oils-Energy peers this year. The group includes 252 companies and ranks #11 among Zacks’ 16 sectors. The Zacks Rank emphasizes earnings estimates and revisions to identify stocks that may outperform over the next one to three months. OII currently carries a Zacks Rank #2 (Buy). Over the past three months, the Zacks Consensus Estimate for its full-year earnings increased 11.1%, indicating improving analyst sentiment and a stronger earnings outlook. The stock has returned approximately 125.2% since the start of the calendar year, compared with the sector’s average 31.2% gain. Oceaneering belongs to the Oil and Gas—Field Services industry, which comprises 20 companies and ranks #163 in the Zacks Industry Rank. The industry has gained an average 40.8% year to date, also trailing OII. Par Petroleum (PARR) has delivered an even stronger 133.6% year-to-date return. Its current-year consensus EPS estimate rose 55.5% over the past three months, and the stock carries a Zacks Rank #1 (Strong Buy). Par Petroleum operates in the 16-stock Oil and Gas—Refining and Marketing industry, ranked #24, which has advanced 79.3% year to date. Investors may want to monitor OII and PARR as they seek to sustain their momentum. Zacks Investment Research is offering its “7 Best Stocks for the Next 30 Days.” Related reports identify Oceaneering International, Inc. (OII) and Par Pacific Holdings, Inc. (PARR).