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Is Global Partners (GLP) Outperforming Other Oils-Energy Stocks This Year?
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Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Global Partners LP (GLP - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Global Partners LP is a member of the Oils-Energy sector. This group includes 251 individual stocks and currently holds a Zacks Sector Rank of #1. 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. Global Partners LP is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for GLP's full-year earnings has moved 42.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that GLP has returned about 43% since the start of the calendar year. Meanwhile, the Oils-Energy sector has returned an average of 40% on a year-to-date basis. This means that Global Partners LP is outperforming the sector as a whole this year.
Another stock in the Oils-Energy sector, DCP Midstream Partners, LP , has outperformed the sector so far this year. The stock's year-to-date return is 44.7%.
For DCP Midstream Partners, LP, the consensus EPS estimate for the current year has increased 12.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Global Partners LP belongs to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, a group that includes 7 individual stocks and currently sits at #27 in the Zacks Industry Rank. On average, stocks in this group have gained 22.8% this year, meaning that GLP is performing better in terms of year-to-date returns.
In contrast, DCP Midstream Partners, LP falls under the Oil and Gas - Production and Pipelines industry. Currently, this industry has 13 stocks and is ranked #44. Since the beginning of the year, the industry has moved +14.5%.
Investors interested in the Oils-Energy sector may want to keep a close eye on Global Partners LP and DCP Midstream Partners, LP as they attempt to continue their solid performance.
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Is Global Partners (GLP) Outperforming Other Oils-Energy Stocks This Year?
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Global Partners LP (GLP - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Global Partners LP is a member of the Oils-Energy sector. This group includes 251 individual stocks and currently holds a Zacks Sector Rank of #1. 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. Global Partners LP is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for GLP's full-year earnings has moved 42.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that GLP has returned about 43% since the start of the calendar year. Meanwhile, the Oils-Energy sector has returned an average of 40% on a year-to-date basis. This means that Global Partners LP is outperforming the sector as a whole this year.
Another stock in the Oils-Energy sector, DCP Midstream Partners, LP , has outperformed the sector so far this year. The stock's year-to-date return is 44.7%.
For DCP Midstream Partners, LP, the consensus EPS estimate for the current year has increased 12.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Global Partners LP belongs to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, a group that includes 7 individual stocks and currently sits at #27 in the Zacks Industry Rank. On average, stocks in this group have gained 22.8% this year, meaning that GLP is performing better in terms of year-to-date returns.
In contrast, DCP Midstream Partners, LP falls under the Oil and Gas - Production and Pipelines industry. Currently, this industry has 13 stocks and is ranked #44. Since the beginning of the year, the industry has moved +14.5%.
Investors interested in the Oils-Energy sector may want to keep a close eye on Global Partners LP and DCP Midstream Partners, LP as they attempt to continue their solid performance.