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? One simple way to answer this question is to take a look at the year-to-date performance of EPD and the rest of the Oils-Energy group's stocks.
Enterprise Products Partners L.P. is one of 328 companies in the Oils-Energy group. The Oils-Energy group currently sits at #2 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. EPD is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for EPD's full-year earnings has moved 7.13% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, EPD has moved about 0.49% on a year-to-date basis. Meanwhile, the Oils-Energy sector has returned an average of -1.53% on a year-to-date basis. This shows that Enterprise Products Partners L.P. is outperforming its peers so far this year.
To break things down more, EPD belongs to the Oil and Gas - Production Pipeline - MLB industry, a group that includes 22 individual companies and currently sits at #50 in the Zacks Industry Rank. Stocks in this group have lost about 0.12% so far this year, so EPD 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 EPD as it attempts to continue its solid performance.