Are Oils-Energy Stocks Lagging Braskem (BAK) This Year?

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Braskem (BAK) 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? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.Braskem is a member of our Oils-Energy group, which includes 249 different companies and currently sits at #6 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 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. Braskem is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for BAK's full-year earnings has moved 118.7% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Based on the latest available data, BAK has gained about 24.9% so far this year. In comparison, Oils-Energy companies have returned an average of 10.9%. As we can see, Braskem is performing better than its sector in the calendar year.Kinder Morgan (KMI) is another Oils-Energy stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 13.9%.In Kinder Morgan's case, the consensus EPS estimate for the current year increased 3.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Braskem belongs to the Oil and Gas - Integrated - International industry, which includes 14 individual stocks and currently sits at #82 in the Zacks Industry Rank. Stocks in this group have gained about 5.3% so far this year, so BAK is performing better this group in terms of year-to-date returns.Kinder Morgan, however, belongs to the Oil and Gas - Production and Pipelines industry. Currently, this 10-stock industry is ranked #95. The industry has moved +42.8% so far this year.Investors interested in the Oils-Energy sector may want to keep a close eye on Braskem and Kinder Morgan as they attempt to continue their solid performance.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant 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 Braskem S.A. (BAK): Free Stock Analysis Report Kinder Morgan, Inc. (KMI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks