Investors focused on the Oils-Energy space have likely heard of Cloud Peak Energy (CLD), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of CLD and the rest of the Oils-Energy group's stocks.
Cloud Peak Energy is one of 321 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. CLD is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CLD's full-year earnings has moved 5.24% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CLD has returned 13.87% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 12.71% on a year-to-date basis. This means that Cloud Peak Energy is performing better than its sector in terms of year-to-date returns.
Looking more specifically, CLD belongs to the Coal industry, which includes 16 individual stocks and currently sits at #12 in the Zacks Industry Rank. On average, stocks in this group have gained 14.46% this year, meaning that CLD is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Oils-Energy sector will want to keep a close eye on CLD as it attempts to continue its solid performance.
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