Is Enterprise Products Partners (EPD) Stock Outpacing Its Oils-Energy Peers This Year?

Zacks
02-06

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Enterprise Products Partners (EPD) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.

Enterprise Products Partners is one of 247 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. 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 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. Enterprise Products Partners is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for EPD's full-year earnings has moved 0.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that EPD has returned about 5.4% since the start of the calendar year. At the same time, Oils-Energy stocks have gained an average of 4.7%. As we can see, Enterprise Products Partners is performing better than its sector in the calendar year.

Another stock in the Oils-Energy sector, Expand Energy (EXE), has outperformed the sector so far this year. The stock's year-to-date return is 5.6%.

In Expand Energy's case, the consensus EPS estimate for the current year increased 9.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, Enterprise Products Partners belongs to the Oil and Gas - Production Pipeline - MLB industry, a group that includes 6 individual companies and currently sits at #15 in the Zacks Industry Rank. On average, stocks in this group have gained 4.2% this year, meaning that EPD is performing better in terms of year-to-date returns.

Expand Energy, however, belongs to the Alternative Energy - Other industry. Currently, this 47-stock industry is ranked #47. The industry has moved +15.4% so far this year.

Investors with an interest in Oils-Energy stocks should continue to track Enterprise Products Partners and Expand Energy. These stocks will be looking to continue their solid performance.

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