We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Are Oils-Energy Stocks Lagging Enbridge (ENB) This Year?
Read MoreHide Full Article
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Enbridge (ENB - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Enbridge is a member of the Oils-Energy sector. This group includes 241 individual stocks and currently holds a Zacks Sector Rank of #15. 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 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. Enbridge is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ENB's full-year earnings has moved 3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ENB has moved about 12.4% on a year-to-date basis. At the same time, Oils-Energy stocks have gained an average of 2.3%. This means that Enbridge is performing better than its sector in terms of year-to-date returns.
One other Oils-Energy stock that has outperformed the sector so far this year is Delek Logistics Partners, L.P. (DKL - Free Report) . The stock is up 3% year-to-date.
Over the past three months, Delek Logistics Partners, L.P.'s consensus EPS estimate for the current year has increased 0.8%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Enbridge is a member of the Oil and Gas - Production and Pipelines industry, which includes 10 individual companies and currently sits at #60 in the Zacks Industry Rank. This group has gained an average of 5.8% so far this year, so ENB is performing better in this area.
Delek Logistics Partners, L.P., however, belongs to the Oil and Gas - Production Pipeline - MLB industry. Currently, this 6-stock industry is ranked #97. The industry has moved -8.5% so far this year.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Enbridge and Delek Logistics Partners, L.P. as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Oils-Energy Stocks Lagging Enbridge (ENB) This Year?
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Enbridge (ENB - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Enbridge is a member of the Oils-Energy sector. This group includes 241 individual stocks and currently holds a Zacks Sector Rank of #15. 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 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. Enbridge is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ENB's full-year earnings has moved 3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ENB has moved about 12.4% on a year-to-date basis. At the same time, Oils-Energy stocks have gained an average of 2.3%. This means that Enbridge is performing better than its sector in terms of year-to-date returns.
One other Oils-Energy stock that has outperformed the sector so far this year is Delek Logistics Partners, L.P. (DKL - Free Report) . The stock is up 3% year-to-date.
Over the past three months, Delek Logistics Partners, L.P.'s consensus EPS estimate for the current year has increased 0.8%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Enbridge is a member of the Oil and Gas - Production and Pipelines industry, which includes 10 individual companies and currently sits at #60 in the Zacks Industry Rank. This group has gained an average of 5.8% so far this year, so ENB is performing better in this area.
Delek Logistics Partners, L.P., however, belongs to the Oil and Gas - Production Pipeline - MLB industry. Currently, this 6-stock industry is ranked #97. The industry has moved -8.5% so far this year.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to Enbridge and Delek Logistics Partners, L.P. as they could maintain their solid performance.