Is Sunoco (SUN) Stock Outpacing Its Oils-Energy Peers This Year?

Investors focused on the Oils-Energy space have likely heard of Sunoco (SUN), but is the stock performing well in comparison to the rest of its sector peers? 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.

Sunoco is one of 317 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #15 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. SUN is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for SUN's full-year earnings has moved 8.42% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, SUN has gained about 9.78% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 15.22% on a year-to-date basis. This means that Sunoco is performing better than its sector in terms of year-to-date returns.

Looking more specifically, SUN belongs to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, which includes 14 individual stocks and currently sits at #102 in the Zacks Industry Rank. On average, this group has gained an average of 23.86% so far this year, meaning that SUN is slightly underperforming its industry in terms of year-to-date returns.

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

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