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Is Mammoth Energy Services (TUSK) Outperforming Other Oils-Energy Stocks This Year?

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Investors focused on the Oils-Energy space have likely heard of Mammoth Energy Services (TUSK - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Mammoth Energy Services is one of 323 companies in the Oils-Energy group. The Oils-Energy group currently sits at #3 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. TUSK is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for TUSK's full-year earnings has moved 3.64% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the latest available data, TUSK has gained about 84.72% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 7.68% on a year-to-date basis. This means that Mammoth Energy Services is outperforming the sector as a whole this year.

To break things down more, TUSK belongs to the Oil and Gas - Field Services industry, a group that includes 36 individual companies and currently sits at #192 in the Zacks Industry Rank. On average, stocks in this group have lost 7.09% this year, meaning that TUSK is performing better in terms of year-to-date returns.

Investors in the Oils-Energy sector will want to keep a close eye on TUSK as it attempts to continue its solid performance.


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