For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Is SMART SAND INC (SND - Free Report) one of those stocks right now? 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.
SMART SAND INC is a member of our Oils-Energy group, which includes 308 different companies and currently sits at #10 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. SND is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for SND's full-year earnings has moved 82.69% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, SND has returned 15.77% so far this year. Meanwhile, the Oils-Energy sector has returned an average of -1.01% on a year-to-date basis. As we can see, SMART SAND INC is performing better than its sector in the calendar year.
Looking more specifically, SND belongs to the Oil and Gas - Field Services industry, a group that includes 38 individual stocks and currently sits at #183 in the Zacks Industry Rank. On average, stocks in this group have lost 0.16% this year, meaning that SND is performing better in terms of year-to-date returns.
Investors with an interest in Oils-Energy stocks should continue to track SND. The stock will be looking to continue its solid performance.