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? One simple way to answer this question is to take a look at the year-to-date performance of CLMT and the rest of the Oils-Energy group's stocks.
Calumet Specialty Products Partners, L.P. is a member of our Oils-Energy group, which includes 311 different companies and currently sits at #4 in 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. CLMT is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CLMT's full-year earnings has moved 1,750% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CLMT has returned 87.33% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 4.71% on a year-to-date basis. This means that Calumet Specialty Products Partners, L.P. is performing better than its sector in terms of year-to-date returns.
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 #174 in the Zacks Industry Rank. This group has gained an average of 23.06% so far this year, so CLMT is performing better in this area.
Investors with an interest in Oils-Energy stocks should continue to track CLMT. The stock will be looking to continue its solid performance.