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

Zacks Equity Research
Ford (F) closed at $9.98 in the latest trading session, marking a -0.8% move from the prior day.

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Enterprise Products Partners L.P. (EPD) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Enterprise Products Partners L.P. is a member of the Oils-Energy sector. This group includes 311 individual stocks and currently holds a Zacks Sector Rank of #2. 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 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. EPD is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for EPD's full-year earnings has moved 6.28% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that EPD has returned about 16.23% since the start of the calendar year. Meanwhile, stocks in the Oils-Energy group have gained about 10.44% on average. As we can see, Enterprise Products Partners L.P. is performing better than its sector in the calendar year.

Breaking things down more, EPD is a member of the Oil and Gas - Production Pipeline - MLB industry, which includes 16 individual companies and currently sits at #82 in the Zacks Industry Rank. Stocks in this group have gained about 18.92% so far this year, so EPD is slightly underperforming its industry this group 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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