U.S. markets open in 6 minutes
  • S&P Futures

    +16.25 (+0.42%)
  • Dow Futures

    +154.00 (+0.49%)
  • Nasdaq Futures

    +32.25 (+0.27%)
  • Russell 2000 Futures

    +12.10 (+0.68%)
  • Crude Oil

    +1.25 (+1.14%)
  • Gold

    +0.30 (+0.02%)
  • Silver

    +0.01 (+0.06%)

    -0.0050 (-0.47%)
  • 10-Yr Bond

    +0.0210 (+0.66%)
  • Vix

    -0.37 (-1.36%)

    -0.0053 (-0.43%)

    +0.7140 (+0.53%)

    -244.61 (-1.15%)
  • CMC Crypto 200

    -2.84 (-0.62%)
  • FTSE 100

    +82.76 (+1.14%)
  • Nikkei 225

    +178.20 (+0.66%)

Is Black Stone Minerals (BSM) Outperforming Other Oils-Energy Stocks This Year?

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Black Stone Minerals (BSM) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Black Stone Minerals is one of 257 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

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. Black Stone Minerals is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for BSM's full-year earnings has moved 22.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the latest available data, BSM has gained about 47.3% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 21% on a year-to-date basis. This means that Black Stone Minerals is outperforming the sector as a whole this year.

Another Oils-Energy stock, which has outperformed the sector so far this year, is Centennial Resource (CDEV). The stock has returned 30.3% year-to-date.

The consensus estimate for Centennial Resource's current year EPS has increased 67.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

To break things down more, Black Stone Minerals belongs to the Energy and Pipeline - Master Limited Partnerships industry, a group that includes 2 individual companies and currently sits at #29 in the Zacks Industry Rank. On average, this group has gained an average of 36% so far this year, meaning that BSM is performing better in terms of year-to-date returns.

On the other hand, Centennial Resource belongs to the Oil and Gas - Exploration and Production - United States industry. This 41-stock industry is currently ranked #6. The industry has moved +31.4% year to date.

Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Black Stone Minerals and Centennial Resource as they could maintain their solid performance.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Black Stone Minerals, L.P. (BSM) : Free Stock Analysis Report
Centennial Resource Development (CDEV) : Free Stock Analysis Report
To read this article on Zacks.com click here.