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Is Enterprise Products Partners L.P. (EPD) Outperforming Other Oils-Energy Stocks This Year?

Zacks Equity Research

Investors focused on the Oils-Energy space have likely heard of Enterprise Products Partners L.P. (EPD), 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 EPD and the rest of the Oils-Energy group's stocks.

Enterprise Products Partners L.P. is a member of our Oils-Energy group, which includes 313 different companies and currently sits at #14 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 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. EPD is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for EPD's full-year earnings has moved 7.47% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that EPD has returned about 23.18% since the start of the calendar year. At the same time, Oils-Energy stocks have gained an average of 10.91%. As we can see, Enterprise Products Partners L.P. is performing better than its sector in the calendar year.

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

Investors with an interest in Oils-Energy stocks should continue to track EPD. The stock will be looking to continue its solid performance.


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