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Is Oasis Midstream Partners (OMP) Stock Outpacing Its Oils-Energy Peers This Year?

Investors focused on the Oils-Energy space have likely heard of Oasis Midstream Partners (OMP), 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 OMP and the rest of the Oils-Energy group's stocks.

Oasis Midstream Partners is a member of the Oils-Energy sector. This group includes 313 individual stocks and currently holds a Zacks Sector Rank of #14. 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 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. OMP is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for OMP's full-year earnings has moved 13.27% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that OMP has returned about 33.83% since the start of the calendar year. In comparison, Oils-Energy companies have returned an average of 10.91%. This shows that Oasis Midstream Partners is outperforming its peers so far this year.

Looking more specifically, OMP belongs to the Oil and Gas - Production Pipeline - MLB industry, which includes 16 individual stocks and currently sits at #71 in the Zacks Industry Rank. On average, stocks in this group have gained 23.14% this year, meaning that OMP is performing better in terms of year-to-date returns.

Investors in the Oils-Energy sector will want to keep a close eye on OMP as it attempts to continue its solid performance.

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