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Are Oils-Energy Stocks Lagging EnLink Midstream (ENLC) This Year?
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Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is EnLink Midstream (ENLC - Free Report) one of those stocks right now? 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.
EnLink Midstream is a member of our Oils-Energy group, which includes 248 different companies and currently sits at #13 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. EnLink Midstream is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ENLC's full-year earnings has moved 3.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ENLC has returned 13.2% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 4.8% on a year-to-date basis. This means that EnLink Midstream is outperforming the sector as a whole this year.
Geopark (GPRK - Free Report) is another Oils-Energy stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 18.1%.
For Geopark, the consensus EPS estimate for the current year has increased 2.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, EnLink Midstream is a member of the Oil and Gas - Refining and Marketing industry, which includes 15 individual companies and currently sits at #220 in the Zacks Industry Rank. On average, this group has gained an average of 0.3% so far this year, meaning that ENLC is performing better in terms of year-to-date returns.
In contrast, Geopark falls under the Oil and Gas - Exploration and Production - United States industry. Currently, this industry has 36 stocks and is ranked #165. Since the beginning of the year, the industry has moved +3.9%.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to EnLink Midstream and Geopark as they could maintain their solid performance.
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Are Oils-Energy Stocks Lagging EnLink Midstream (ENLC) This Year?
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is EnLink Midstream (ENLC - Free Report) one of those stocks right now? 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.
EnLink Midstream is a member of our Oils-Energy group, which includes 248 different companies and currently sits at #13 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. EnLink Midstream is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ENLC's full-year earnings has moved 3.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ENLC has returned 13.2% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 4.8% on a year-to-date basis. This means that EnLink Midstream is outperforming the sector as a whole this year.
Geopark (GPRK - Free Report) is another Oils-Energy stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 18.1%.
For Geopark, the consensus EPS estimate for the current year has increased 2.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, EnLink Midstream is a member of the Oil and Gas - Refining and Marketing industry, which includes 15 individual companies and currently sits at #220 in the Zacks Industry Rank. On average, this group has gained an average of 0.3% so far this year, meaning that ENLC is performing better in terms of year-to-date returns.
In contrast, Geopark falls under the Oil and Gas - Exploration and Production - United States industry. Currently, this industry has 36 stocks and is ranked #165. Since the beginning of the year, the industry has moved +3.9%.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to EnLink Midstream and Geopark as they could maintain their solid performance.