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Is Alliance Resource Partners, L.P. (ARLP) Stock Outpacing Its Oils-Energy Peers This Year?

Zacks Equity Research
Vanda (VNDA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

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 Alliance Resource Partners, L.P. (ARLP) 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.

Alliance Resource Partners, L.P. is one of 323 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #9 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ARLP is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for ARLP's full-year earnings has moved 10.16% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that ARLP has returned about 2.03% since the start of the calendar year. Meanwhile, the Oils-Energy sector has returned an average of 0.95% on a year-to-date basis. This shows that Alliance Resource Partners, L.P. is outperforming its peers so far this year.

Looking more specifically, ARLP belongs to the Coal industry, a group that includes 18 individual stocks and currently sits at #35 in the Zacks Industry Rank. On average, this group has gained an average of 0.22% 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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