The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Enterprise Products Partners L.P. (EPD - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.
Enterprise Products Partners L.P. is one of 327 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. EPD is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for EPD's full-year earnings has moved 11.54% higher within the past quarter. 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 1.92% so far this year. In comparison, Oils-Energy companies have returned an average of -2.56%. This means that Enterprise Products Partners L.P. is performing better than its sector in terms of year-to-date returns.
Breaking things down more, EPD is a member of the Oil and Gas - Production Pipeline - MLB industry, which includes 22 individual companies and currently sits at #76 in the Zacks Industry Rank. On average, stocks in this group have gained 1.26% this year, meaning that EPD is performing better in terms of year-to-date returns.
Investors with an interest in Oils-Energy stocks should continue to track EPD. The stock will be looking to continue its solid performance.