Investors focused on the Oils-Energy space have likely heard of CrossAmerica Partners (CAPL), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
CrossAmerica Partners is one of 318 companies in the Oils-Energy group. The Oils-Energy group currently sits at #15 within 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. CAPL is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CAPL's full-year earnings has moved 3.72% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, CAPL has gained about 22.53% so far this year. In comparison, Oils-Energy companies have returned an average of 10.20%. This means that CrossAmerica Partners is outperforming the sector as a whole this year.
Looking more specifically, CAPL belongs to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, which includes 14 individual stocks and currently sits at #150 in the Zacks Industry Rank. On average, this group has gained an average of 17.66% so far this year, meaning that CAPL is performing better in terms of year-to-date returns.
Investors in the Oils-Energy sector will want to keep a close eye on CAPL as it attempts to continue its solid performance.
CrossAmerica Partners LP (CAPL): Free Stock Analysis Report
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Zacks Investment Research