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Is Enterprise Products Partners L.P. (EPD) Outperforming Other Oils-Energy Stocks This Year?


Investors focused on the Oils-Energy space have likely heard of Enterprise Products Partners L.P. (EPD), 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 a member of our Oils-Energy group, which includes 318 different companies and currently sits at #15 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. EPD is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for EPD’s full-year earnings has moved 0.73% 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, EPD has returned 13.14% so far this year. At the same time, Oils-Energy stocks have gained an average of 11.38%. This means that Enterprise Products Partners L.P. is outperforming the sector as a whole this year.

To break things down more, EPD belongs to the Oil and Gas – Production Pipeline – MLB industry, a group that includes 17 individual companies and currently sits at #184 in the Zacks Industry Rank. This group has gained an average of 13.53% so far this year, so EPD is slightly underperforming its industry in this area.

Investors in the Oils-Energy sector will want to keep a close eye on EPD as it attempts to continue its solid performance.

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