Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is Calumet, Inc. (CLMT) one of those stocks right now? 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.
Calumet, Inc. is a member of the Oils-Energy sector. This group includes 254 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Calumet, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CLMT’s full-year earnings has moved 1110.5% higher. This signals that analyst sentiment is improving and the stock’s earnings outlook is more positive.
According to our latest data, CLMT has moved about 148.2% on a year-to-date basis. Meanwhile, the Oils-Energy sector has returned an average of 36.5% on a year-to-date basis. This means that Calumet, Inc. is performing better than its sector in terms of year-to-date returns.
ConocoPhillips (COP) is another Oils-Energy stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 55.6%.
For ConocoPhillips, the consensus EPS estimate for the current year has increased 21.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Calumet, Inc. belongs to the Oil and Gas – Integrated – United States industry, a group that includes 13 individual stocks and currently sits at #92 in the Zacks Industry Rank. On average, stocks in this group have gained 42% this year, meaning that CLMT is performing better in terms of year-to-date returns. ConocoPhillips is also part of the same industry.
Calumet, Inc. and ConocoPhillips could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.
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This article originally published on Zacks Investment Research (zacks.com).
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
