Investors focused on the Basic Materials space have likely heard of Hi-Crush Partners , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of HCLP and the rest of the Basic Materials group's stocks.
Hi-Crush Partners is a member of the Basic Materials sector. This group includes 240 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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).
The Zacks Consensus Estimate for HCLP's full-year earnings has moved 18.34% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, HCLP has returned 9.81% so far this year. Meanwhile, the Basic Materials sector has returned an average of -4.52% on a year-to-date basis. This means that Hi-Crush Partners is outperforming the sector as a whole this year.
Looking more specifically, HCLP belongs to the Mining - Miscellaneous industry, which includes 33 individual stocks and currently sits at #98 in the Zacks Industry Rank. On average, stocks in this group have gained 0.95% this year, meaning that HCLP is performing better in terms of year-to-date returns.
HCLP will likely be looking to continue its solid performance, so investors interested Basic Materials stocks should continue to pay close attention to the company.
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Is Hi-Crush Partners (HCLP) Stock Outpacing Its Basic Materials Peers This Year?
Investors focused on the Basic Materials space have likely heard of Hi-Crush Partners , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of HCLP and the rest of the Basic Materials group's stocks.
Hi-Crush Partners is a member of the Basic Materials sector. This group includes 240 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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).
The Zacks Consensus Estimate for HCLP's full-year earnings has moved 18.34% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, HCLP has returned 9.81% so far this year. Meanwhile, the Basic Materials sector has returned an average of -4.52% on a year-to-date basis. This means that Hi-Crush Partners is outperforming the sector as a whole this year.
Looking more specifically, HCLP belongs to the Mining - Miscellaneous industry, which includes 33 individual stocks and currently sits at #98 in the Zacks Industry Rank. On average, stocks in this group have gained 0.95% this year, meaning that HCLP is performing better in terms of year-to-date returns.
HCLP will likely be looking to continue its solid performance, so investors interested Basic Materials stocks should continue to pay close attention to the company.