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Is Enduro Royalty Trust (PVL) Stock Outpacing Its Oils-Energy Peers This Year?

Zacks Equity Research
ChannelAdvisor (ECOM) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Investors focused on the Oils-Energy space have likely heard of Enduro Royalty Trust (PVL), 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 PVL and the rest of the Oils-Energy group's stocks.

Enduro Royalty Trust 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 groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. PVL is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for PVL's full-year earnings has moved 142.86% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, PVL has moved about 35.98% on a year-to-date basis. In comparison, Oils-Energy companies have returned an average of 10.30%. This means that Enduro Royalty Trust is outperforming the sector as a whole this year.

Breaking things down more, PVL is a member of the Oil and Gas - Royalty Trust - United States industry, which includes 3 individual companies and currently sits at #34 in the Zacks Industry Rank. On average, stocks in this group have gained 15.92% this year, meaning that PVL is performing better in terms of year-to-date returns.

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


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