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Is Crescent Point Energy (CPG) Stock Outpacing Its Oils-Energy Peers This Year?

Zacks Equity Research

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Crescent Point Energy (CPG) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Crescent Point Energy is a member of our Oils-Energy group, which includes 311 different companies and currently sits at #3 in the Zacks Sector Rank. 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 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. CPG is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for CPG's full-year earnings has moved 80% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, CPG has gained about 31.79% so far this year. At the same time, Oils-Energy stocks have gained an average of 10.94%. This means that Crescent Point Energy is outperforming the sector as a whole this year.

Looking more specifically, CPG belongs to the Oil and Gas - Exploration and Production - Canadian industry, a group that includes 10 individual stocks and currently sits at #43 in the Zacks Industry Rank. Stocks in this group have gained about 11.50% so far this year, so CPG is performing better this group in terms of year-to-date returns.

Investors with an interest in Oils-Energy stocks should continue to track CPG. The stock will be looking to continue its solid performance.


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