Investors focused on the Oils-Energy space have likely heard of Alliance Resource Partners, L.P. (ARLP), 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 ARLP and the rest of the Oils-Energy group's stocks.
Alliance Resource Partners, L.P. is one of 329 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #2 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. ARLP is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ARLP's full-year earnings has moved 10.87% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ARLP has returned 0.20% so far this year. At the same time, Oils-Energy stocks have lost an average of 1.84%. This means that Alliance Resource Partners, L.P. is performing better than its sector in terms of year-to-date returns.
Looking more specifically, ARLP belongs to the Coal industry, a group that includes 17 individual stocks and currently sits at #13 in the Zacks Industry Rank. On average, this group has lost an average of 3.94% so far this year, meaning that ARLP is performing better in terms of year-to-date returns.
Investors with an interest in Oils-Energy stocks should continue to track ARLP. The stock will be looking to continue its solid performance.
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