Investors focused on the Oils-Energy space have likely heard of EnLink Midstream Partners, , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of ENLK and the rest of the Oils-Energy group's stocks.
EnLink Midstream Partners, is a member of our Oils-Energy group, which includes 329 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. ENLK is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ENLK's full-year earnings has moved 43.96% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ENLK has returned 13.01% so far this year. At the same time, Oils-Energy stocks have gained an average of 0.28%. This shows that EnLink Midstream Partners, is outperforming its peers so far this year.
Looking more specifically, ENLK belongs to the Oil and Gas - Production Pipeline - MLB industry, a group that includes 22 individual stocks and currently sits at #43 in the Zacks Industry Rank. Stocks in this group have gained about 3.33% so far this year, so ENLK is performing better this group in terms of year-to-date returns.
Investors in the Oils-Energy sector will want to keep a close eye on ENLK as it attempts to continue its solid performance.
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Has EnLink Midstream Partners, (ENLK) Outpaced Other Oils-Energy Stocks This Year?
Investors focused on the Oils-Energy space have likely heard of EnLink Midstream Partners, , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of ENLK and the rest of the Oils-Energy group's stocks.
EnLink Midstream Partners, is a member of our Oils-Energy group, which includes 329 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. ENLK is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ENLK's full-year earnings has moved 43.96% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ENLK has returned 13.01% so far this year. At the same time, Oils-Energy stocks have gained an average of 0.28%. This shows that EnLink Midstream Partners, is outperforming its peers so far this year.
Looking more specifically, ENLK belongs to the Oil and Gas - Production Pipeline - MLB industry, a group that includes 22 individual stocks and currently sits at #43 in the Zacks Industry Rank. Stocks in this group have gained about 3.33% so far this year, so ENLK is performing better this group in terms of year-to-date returns.
Investors in the Oils-Energy sector will want to keep a close eye on ENLK as it attempts to continue its solid performance.