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Is Oasis Midstream Partners (OMP) Stock Outpacing Its Oils-Energy Peers This Year?

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Investors focused on the Oils-Energy space have likely heard of Oasis Midstream 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 OMP and the rest of the Oils-Energy group's stocks.

Oasis Midstream Partners is a member of our Oils-Energy group, which includes 311 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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. OMP is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for OMP's full-year earnings has moved 13.27% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

According to our latest data, OMP has moved about 23.95% on a year-to-date basis. At the same time, Oils-Energy stocks have gained an average of 10.08%. This means that Oasis Midstream Partners is outperforming the sector as a whole this year.

To break things down more, OMP belongs to the Oil and Gas - Production Pipeline - MLB industry, a group that includes 16 individual companies and currently sits at #52 in the Zacks Industry Rank. On average, stocks in this group have gained 18.09% this year, meaning that OMP is performing better in terms of year-to-date returns.

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

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