Is National Fuel Gas Company (NFG) Outperforming Other Oils-Energy Stocks 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. Is National Fuel Gas (NFG) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.National Fuel Gas is one of 240 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #13 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. National Fuel Gas is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for NFG's full-year earnings has moved 0.7% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Based on the latest available data, NFG has gained about 44.1% so far this year. At the same time, Oils-Energy stocks have gained an average of 5.1%. As we can see, National Fuel Gas is performing better than its sector in the calendar year.Another stock in the Oils-Energy sector, Enbridge (ENB), has outperformed the sector so far this year. The stock's year-to-date return is 15.9%.The consensus estimate for Enbridge's current year EPS has increased 3.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Breaking things down more, National Fuel Gas is a member of the Oil and Gas - Integrated - United States industry, which includes 15 individual companies and currently sits at #164 in the Zacks Industry Rank. On average, stocks in this group have lost 7% this year, meaning that NFG is performing better in terms of year-to-date returns. On the other hand, Enbridge belongs to the Oil and Gas - Production and Pipelines industry. This 10-stock industry is currently ranked #58. The industry has moved +8.7% year to date.Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to National Fuel Gas and Enbridge as they could maintain their solid performance.Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>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 National Fuel Gas Company (NFG): Free Stock Analysis Report Enbridge Inc (ENB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks