Investors focused on the Oils-Energy space have likely heard of MAMMOOTH ENERGY TUSK, 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 TUSK and the rest of the Oils-Energy group's stocks.
MAMMOOTH ENERGY is one of 335 individual stocks in the Oils-Energy sector. Collectively, these companies sit 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. TUSK is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for TUSK's full-year earnings has moved 240.25% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, TUSK has returned 66.63% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 4.57% on average. This shows that MAMMOOTH ENERGY is outperforming its peers so far this year.
Looking more specifically, TUSK belongs to the Oil and Gas – Integrated industry, a group that includes 9 individual stocks and currently sits at #52 in the Zacks Industry Rank. This group has gained an average of 11.21% so far this year, so TUSK is performing better in this area.
Investors in the Oils-Energy sector will want to keep a close eye on TUSK as it attempts to continue its solid performance.
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