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Is Calumet Specialty Products Partners, L.P. (CLMT) Outperforming Other Oils-Energy Stocks This Year?

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Investors focused on the Oils-Energy space have likely heard of Calumet Specialty Products Partners, L.P. (CLMT - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.

Calumet Specialty Products Partners, L.P. is one of 311 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. 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. CLMT is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for CLMT's full-year earnings has moved 216.67% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, CLMT has moved about 96.38% on a year-to-date basis. Meanwhile, stocks in the Oils-Energy group have gained about 7.94% on average. This shows that Calumet Specialty Products Partners, L.P. is outperforming its peers so far this year.

Looking more specifically, CLMT belongs to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, which includes 14 individual stocks and currently sits at #70 in the Zacks Industry Rank. This group has gained an average of 22.12% so far this year, so CLMT is performing better in this area.

CLMT will likely be looking to continue its solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to the company.


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