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Is Hi-Crush Partners (HCLP) Stock Outpacing Its Basic Materials Peers This Year?

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Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Hi-Crush Partners one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.

Hi-Crush Partners is one of 240 companies in the Basic Materials group. The Basic Materials group currently sits at #5 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 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. HCLP is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for HCLP's full-year earnings has moved 18.34% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the latest available data, HCLP has gained about 9.81% so far this year. Meanwhile, stocks in the Basic Materials group have lost about 4.52% on average. This shows that Hi-Crush Partners is outperforming its peers so far this year.

Looking more specifically, HCLP belongs to the Mining - Miscellaneous industry, a group that includes 33 individual stocks and currently sits at #98 in the Zacks Industry Rank. On average, this group has gained an average of 0.95% so far this year, meaning that HCLP is performing better in terms of year-to-date returns.

Investors in the Basic Materials sector will want to keep a close eye on HCLP as it attempts to continue its solid performance.