Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Calumet, Inc. (CLMT) 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? 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.
Calumet, Inc. is one of 251 companies in the Oils-Energy group. The Oils-Energy group currently sits at #6 within the Zacks Sector Rank. 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 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. Calumet, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CLMT's full-year earnings has moved 253.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, CLMT has gained about 169.3% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 33.1% on a year-to-date basis. As we can see, Calumet, Inc. is performing better than its sector in the calendar year.
TXO Partners LP (TXO) is another Oils-Energy stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 40.5%.
In TXO Partners LP's case, the consensus EPS estimate for the current year increased 43.2% 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 #191 in the Zacks Industry Rank. On average, stocks in this group have gained 39.5% this year, meaning that CLMT is performing better in terms of year-to-date returns.
In contrast, TXO Partners LP falls under the Energy and Pipeline - Master Limited Partnerships industry. Currently, this industry has 4 stocks and is ranked #25. Since the beginning of the year, the industry has moved +11.1%.
Investors interested in the Oils-Energy sector may want to keep a close eye on Calumet, Inc. and TXO Partners LP as they attempt to continue their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).