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Is CrossAmerica Partners (CAPL) Stock Outpacing Its Oils-Energy Peers This Year?

Zacks Equity Research

The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has CrossAmerica Partners (CAPL) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

CrossAmerica Partners is a member of our Oils-Energy group, which includes 312 different companies and currently sits at #8 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 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 three months, the Zacks Consensus Estimate for CAPL's full-year earnings has moved 10.82% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that CAPL has returned about 32.35% since the start of the calendar year. In comparison, Oils-Energy companies have returned an average of 16.05%. 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, a group that includes 14 individual stocks and currently sits at #24 in the Zacks Industry Rank. On average, this group has gained an average of 22.08% so far this year, meaning that CAPL is performing better in terms of year-to-date returns.

Investors with an interest in Oils-Energy stocks should continue to track CAPL. The stock will be looking to continue its solid performance.


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