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Is Energy Transfer (ET) Outperforming Other Oils-Energy Stocks This Year?

Zacks Equity Research
·2-min read

The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Energy Transfer LP (ET) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.

Energy Transfer LP is a member of the Oils-Energy sector. This group includes 254 individual stocks and currently holds a Zacks Sector Rank of #1. 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 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. Energy Transfer LP is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for ET's full-year earnings has moved 3.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

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Based on the latest available data, ET has gained about 37.6% so far this year. In comparison, Oils-Energy companies have returned an average of 26.6%. This shows that Energy Transfer LP is outperforming its peers so far this year.

Another stock in the Oils-Energy sector, Petrobras (PBR), has outperformed the sector so far this year. The stock's year-to-date return is 28.4%.

In Petrobras' case, the consensus EPS estimate for the current year increased 15.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

To break things down more, Energy Transfer LP belongs to the Oil and Gas - Production Pipeline - MLB industry, a group that includes 12 individual companies and currently sits at #32 in the Zacks Industry Rank. Stocks in this group have gained about 26.4% so far this year, so ET is performing better this group in terms of year-to-date returns.

On the other hand, Petrobras belongs to the Oil and Gas - Integrated - Emerging Markets industry. This 4-stock industry is currently ranked #18. The industry has moved +29.9% year to date.

Investors with an interest in Oils-Energy stocks should continue to track Energy Transfer LP and Petrobras. These stocks will be looking to continue their solid performance.


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Petroleo Brasileiro S.A. Petrobras (PBR) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.