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Is Enterprise Products Partners L.P. (EPD) Stock Outpacing Its Oils-Energy Peers This Year?

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Investors focused on the Oils-Energy space have likely heard of Enterprise Products Partners L.P. (EPD - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Enterprise Products Partners L.P. is one of 328 companies in the Oils-Energy group. The Oils-Energy group currently sits at #1 within 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 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 #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for EPD's full-year earnings has moved 6.20% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, EPD has gained about 9.62% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 5.54% on average. 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 #37 in the Zacks Industry Rank. On average, stocks in this group have gained 9.59% this year, meaning that EPD is performing better 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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