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Is Delek Logistics Partners (DKL) Stock Outpacing Its Oils-Energy Peers This Year?
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For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Delek Logistics Partners, L.P. (DKL - 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.
Delek Logistics Partners, L.P. is one of 252 companies in the Oils-Energy group. The Oils-Energy group currently sits at #11 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 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. Delek Logistics Partners, L.P. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for DKL's full-year earnings has moved 2.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that DKL has returned about 34.5% since the start of the calendar year. In comparison, Oils-Energy companies have returned an average of 29.1%. This means that Delek Logistics Partners, L.P. is performing better than its sector in terms of year-to-date returns.
Another Oils-Energy stock, which has outperformed the sector so far this year, is EnQuest (ENQUF - Free Report) . The stock has returned 146.4% year-to-date.
In EnQuest's case, the consensus EPS estimate for the current year increased 175% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Delek Logistics Partners, L.P. is a member of the Oil and Gas - Production Pipeline - MLB industry, which includes 7 individual companies and currently sits at #60 in the Zacks Industry Rank. This group has gained an average of 23.7% so far this year, so DKL is performing better in this area.
On the other hand, EnQuest belongs to the Oil and Gas - Exploration and Production - International industry. This 9-stock industry is currently ranked #168. The industry has moved +57.8% year to date.
Investors with an interest in Oils-Energy stocks should continue to track Delek Logistics Partners, L.P. and EnQuest. These stocks will be looking to continue their solid performance.
View the Zacks #1 Rank List
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Is Delek Logistics Partners (DKL) Stock Outpacing Its Oils-Energy Peers This Year?
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Delek Logistics Partners, L.P. (DKL - 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.
Delek Logistics Partners, L.P. is one of 252 companies in the Oils-Energy group. The Oils-Energy group currently sits at #11 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 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. Delek Logistics Partners, L.P. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for DKL's full-year earnings has moved 2.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that DKL has returned about 34.5% since the start of the calendar year. In comparison, Oils-Energy companies have returned an average of 29.1%. This means that Delek Logistics Partners, L.P. is performing better than its sector in terms of year-to-date returns.
Another Oils-Energy stock, which has outperformed the sector so far this year, is EnQuest (ENQUF - Free Report) . The stock has returned 146.4% year-to-date.
In EnQuest's case, the consensus EPS estimate for the current year increased 175% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Delek Logistics Partners, L.P. is a member of the Oil and Gas - Production Pipeline - MLB industry, which includes 7 individual companies and currently sits at #60 in the Zacks Industry Rank. This group has gained an average of 23.7% so far this year, so DKL is performing better in this area.
On the other hand, EnQuest belongs to the Oil and Gas - Exploration and Production - International industry. This 9-stock industry is currently ranked #168. The industry has moved +57.8% year to date.
Investors with an interest in Oils-Energy stocks should continue to track Delek Logistics Partners, L.P. and EnQuest. These stocks will be looking to continue their solid performance.