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Has Enterprise Products Partners L.P. (EPD) Outpaced Other Oils-Energy Stocks This Year?
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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 L.P. (EPD - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Enterprise Products Partners L.P. is a member of the Oils-Energy sector. This group includes 311 individual stocks and currently holds a Zacks Sector Rank of #6. 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 #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for EPD's full-year earnings has moved 2.49% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, EPD has gained about 19.40% so far this year. At the same time, Oils-Energy stocks have gained an average of 13.03%. 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 16 individual companies and currently sits at #100 in the Zacks Industry Rank. On average, this group has gained an average of 18.05% so far this year, meaning that EPD is performing better in terms of year-to-date returns.
EPD will likely be looking to continue its solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to the company.
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Has Enterprise Products Partners L.P. (EPD) Outpaced Other Oils-Energy Stocks This Year?
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 L.P. (EPD - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Enterprise Products Partners L.P. is a member of the Oils-Energy sector. This group includes 311 individual stocks and currently holds a Zacks Sector Rank of #6. 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 #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for EPD's full-year earnings has moved 2.49% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, EPD has gained about 19.40% so far this year. At the same time, Oils-Energy stocks have gained an average of 13.03%. 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 16 individual companies and currently sits at #100 in the Zacks Industry Rank. On average, this group has gained an average of 18.05% so far this year, meaning that EPD is performing better in terms of year-to-date returns.
EPD will likely be looking to continue its solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to the company.