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Is CrossAmerica Partners (CAPL) Outperforming Other Oils-Energy Stocks This Year?

Zacks Equity Research

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 314 companies in the Oils-Energy group. The Oils-Energy group currently sits at #12 within 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 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. CAPL is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for CAPL's full-year earnings has moved 10.82% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that CAPL has returned about 27.33% since the start of the calendar year. Meanwhile, stocks in the Oils-Energy group have gained about 13.66% on average. As we can see, CrossAmerica Partners is performing better than its sector in the calendar year.

Looking more specifically, CAPL belongs to the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, a group that includes 14 individual stocks and currently sits at #38 in the Zacks Industry Rank. On average, stocks in this group have gained 21.94% this year, meaning that CAPL is performing better in terms of year-to-date returns.

Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to CAPL as it looks to continue its solid performance.


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