We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Enterprise Products Partners (EPD) Stock Outpacing Its Oils-Energy Peers This Year?
Read MoreHide Full Article
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Enterprise Products Partners (EPD - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 #8 in 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 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 2.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, EPD has gained about 8.9% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 4.6% on average. This shows that Enterprise Products Partners is outperforming its peers so far this year.
One other Oils-Energy stock that has outperformed the sector so far this year is Veren (VRN - Free Report) . The stock is up 28.8% year-to-date.
In Veren's case, the consensus EPS estimate for the current year increased 15.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Enterprise Products Partners belongs to the Oil and Gas - Production Pipeline - MLB industry, which includes 6 individual stocks and currently sits at #12 in the Zacks Industry Rank. This group has gained an average of 1.9% so far this year, so EPD is performing better in this area.
Veren, however, belongs to the Oil and Gas - Integrated - Canadian industry. Currently, this 5-stock industry is ranked #169. The industry has moved +3.2% so far this year.
Investors with an interest in Oils-Energy stocks should continue to track Enterprise Products Partners and Veren. These stocks will be looking to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Enterprise Products Partners (EPD) Stock Outpacing Its Oils-Energy Peers This Year?
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Enterprise Products Partners (EPD - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 #8 in 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 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 2.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, EPD has gained about 8.9% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 4.6% on average. This shows that Enterprise Products Partners is outperforming its peers so far this year.
One other Oils-Energy stock that has outperformed the sector so far this year is Veren (VRN - Free Report) . The stock is up 28.8% year-to-date.
In Veren's case, the consensus EPS estimate for the current year increased 15.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Enterprise Products Partners belongs to the Oil and Gas - Production Pipeline - MLB industry, which includes 6 individual stocks and currently sits at #12 in the Zacks Industry Rank. This group has gained an average of 1.9% so far this year, so EPD is performing better in this area.
Veren, however, belongs to the Oil and Gas - Integrated - Canadian industry. Currently, this 5-stock industry is ranked #169. The industry has moved +3.2% so far this year.
Investors with an interest in Oils-Energy stocks should continue to track Enterprise Products Partners and Veren. These stocks will be looking to continue their solid performance.