Is Enterprise Products Partners L.P. (EPD) Outperforming 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. Is Enterprise Products Partners L.P. (EPD) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.
Enterprise Products Partners L.P. is one of 312 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. EPD is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for EPD's full-year earnings has moved 2.61% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, EPD has gained about 18.30% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 16.05% on a year-to-date basis. This shows that Enterprise Products Partners L.P. is outperforming its peers so far this year.
Looking more specifically, EPD belongs to the Oil and Gas - Production Pipeline - MLB industry, a group that includes 16 individual stocks and currently sits at #158 in the Zacks Industry Rank. Stocks in this group have gained about 18.36% so far this year, so EPD is slightly underperforming its industry this group in terms of year-to-date returns.
Investors in the Oils-Energy sector will want to keep a close eye on EPD as it attempts to continue its solid performance.
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