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? 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 a member of our Oils-Energy group, which includes 331 different companies and currently sits at #2 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 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).
Over the past three months, the Zacks Consensus Estimate for EPD's full-year earnings has moved 6.38% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, EPD has moved about 7.58% on a year-to-date basis. In comparison, Oils-Energy companies have returned an average of 3.61%. This means that Enterprise Products Partners L.P. is outperforming the sector as a whole this year.
Breaking things down more, EPD is a member of the Oil and Gas - Production Pipeline - MLB industry, which includes 23 individual companies and currently sits at #51 in the Zacks Industry Rank. On average, this group has gained an average of 7.94% so far this year, meaning that EPD is slightly underperforming its industry 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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Enterprise Products Partners L.P. (EPD) : Free Stock Analysis Report
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