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Has Mach Natural Resources LP (MNR) Outpaced Other Oils-Energy Stocks This Year?
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Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Mach Natural Resources LP (MNR - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.
Mach Natural Resources LP is a member of the Oils-Energy sector. This group includes 248 individual stocks and currently holds a Zacks Sector Rank of #14. 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. Mach Natural Resources LP is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for MNR's full-year earnings has moved 3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that MNR has returned about 16.6% since the start of the calendar year. In comparison, Oils-Energy companies have returned an average of 9%. This shows that Mach Natural Resources LP is outperforming its peers so far this year.
One other Oils-Energy stock that has outperformed the sector so far this year is SM Energy (SM - Free Report) . The stock is up 30.2% year-to-date.
In SM Energy's case, the consensus EPS estimate for the current year increased 19.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Mach Natural Resources LP belongs to the Oil and Gas - Exploration and Production - United States industry, a group that includes 36 individual stocks and currently sits at #170 in the Zacks Industry Rank. This group has gained an average of 8% so far this year, so MNR is performing better in this area. SM Energy is also part of the same industry.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Mach Natural Resources LP and SM Energy as they could maintain their solid performance.
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Has Mach Natural Resources LP (MNR) Outpaced Other Oils-Energy Stocks This Year?
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Mach Natural Resources LP (MNR - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.
Mach Natural Resources LP is a member of the Oils-Energy sector. This group includes 248 individual stocks and currently holds a Zacks Sector Rank of #14. 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. Mach Natural Resources LP is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for MNR's full-year earnings has moved 3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that MNR has returned about 16.6% since the start of the calendar year. In comparison, Oils-Energy companies have returned an average of 9%. This shows that Mach Natural Resources LP is outperforming its peers so far this year.
One other Oils-Energy stock that has outperformed the sector so far this year is SM Energy (SM - Free Report) . The stock is up 30.2% year-to-date.
In SM Energy's case, the consensus EPS estimate for the current year increased 19.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Mach Natural Resources LP belongs to the Oil and Gas - Exploration and Production - United States industry, a group that includes 36 individual stocks and currently sits at #170 in the Zacks Industry Rank. This group has gained an average of 8% so far this year, so MNR is performing better in this area. SM Energy is also part of the same industry.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Mach Natural Resources LP and SM Energy as they could maintain their solid performance.