Advertisement
Australia markets closed

  • ALL ORDS

    8,022.70
    +28.50 (+0.36%)
     

  • ASX 200

    7,749.00
    +27.40 (+0.35%)
     

  • AUD/USD

    0.6604
    -0.0017 (-0.26%)
     

  • OIL

    78.20
    -1.06 (-1.34%)
     

  • GOLD

    2,366.90
    +26.60 (+1.14%)
     

  • Bitcoin AUD

    92,008.23
    -3,139.41 (-3.30%)
     

  • CMC Crypto 200

    1,260.77
    -97.24 (-7.16%)
     

  • AUD/EUR

    0.6128
    -0.0010 (-0.16%)
     

  • AUD/NZD

    1.0963
    -0.0006 (-0.05%)
     

  • NZX 50

    11,755.17
    +8.59 (+0.07%)
     

  • NASDAQ

    18,161.18
    +47.72 (+0.26%)
     

  • FTSE

    8,433.76
    +52.41 (+0.63%)
     

  • Dow Jones

    39,512.84
    +125.08 (+0.32%)
     

  • DAX

    18,772.85
    +86.25 (+0.46%)
     

  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

Has Northern Oil and Gas (NOG) Outpaced Other Oils-Energy Stocks This Year?

Zacks Equity Research
Updated
Mutual Fund Report for TRMCX

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Northern Oil and Gas (NOG) 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? One simple way to answer this question is to take a look at the year-to-date performance of NOG and the rest of the Oils-Energy group's stocks.

Northern Oil and Gas is one of 328 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #1 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. NOG is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for NOG's full-year earnings has moved 45.75% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

ADVERTISEMENT

Our latest available data shows that NOG has returned about 66.34% since the start of the calendar year. At the same time, Oils-Energy stocks have gained an average of 6.83%. This shows that Northern Oil and Gas is outperforming its peers so far this year.

Looking more specifically, NOG belongs to the Oil and Gas - Exploration and Production - United States industry, which includes 74 individual stocks and currently sits at #37 in the Zacks Industry Rank. This group has gained an average of 7.98% so far this year, so NOG is performing better in this area.

NOG will likely be looking to continue its solid performance, so investors interested Oils-Energy stocks should continue to pay close attention to the company.


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
 
Northern Oil and Gas, Inc. (NOG) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.