Group 1 - Canadian Natural Resources (CNQ) is a notable stock in the Oils-Energy sector, currently outperforming its peers with a year-to-date return of 8.8% compared to the sector average of 8.7% [4] - The Zacks Rank system, which evaluates earnings estimates and revisions, has assigned CNQ a rank of 1 (Strong Buy), indicating strong potential for future performance [3] - The Zacks Consensus Estimate for CNQ's full-year earnings has increased by 6.3% over the past quarter, reflecting improved analyst sentiment [4] Group 2 - CNQ is part of the Oil and Gas - Exploration and Production - Canadian industry, which has an average gain of 7.3% this year, further highlighting CNQ's strong performance within its specific industry [6] - Another outperforming stock in the Oils-Energy sector is Ultrapar Participacoes S.A. (UGP), which has returned 58.6% year-to-date and has a Zacks Rank of 2 (Buy) [5] - The Oil and Gas - Production and Pipelines industry, where UGP belongs, has seen a year-to-date increase of 9.7%, indicating a positive trend in this segment [7]
Are Oils-Energy Stocks Lagging Canadian Natural Resources Limited (CNQ) This Year?