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? Let's take a closer look at the stock's year-to-date performance to find out.
Calumet, Inc. is a member of the Oils-Energy sector. This group includes 250 individual stocks and currently holds a Zacks Sector Rank of #4. 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. Calumet, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CLMT's full-year earnings has moved 376.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, CLMT has returned 196.9% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 32.4% on average. This shows that Calumet, Inc. is outperforming its peers so far this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is TXO Partners LP (TXO). The stock has returned 36.7% year-to-date.
The consensus estimate for TXO Partners LP's current year EPS has 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, which includes 13 individual stocks and currently sits at #165 in the Zacks Industry Rank. On average, stocks in this group have gained 35.6% 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 #45. Since the beginning of the year, the industry has moved +12.6%.
Investors with an interest in Oils-Energy stocks should continue to track Calumet, Inc. and TXO Partners LP. These stocks will be looking to continue their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).