Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Epsilon Energy Ltd. (EPSN) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Epsilon Energy Ltd. is a member of the Oils-Energy sector. This group includes 245 individual stocks and currently holds a Zacks Sector Rank of #16. 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 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. Epsilon Energy Ltd. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for EPSN's full-year earnings has moved 29.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that EPSN has returned about 14% since the start of the calendar year. In comparison, Oils-Energy companies have returned an average of -3.9%. This means that Epsilon Energy Ltd. is outperforming the sector as a whole this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Global Partners LP (GLP). The stock has returned 12.8% year-to-date.
For Global Partners LP, the consensus EPS estimate for the current year has increased 13.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Epsilon Energy Ltd. belongs to the Oil and Gas - Integrated - United States industry, which includes 15 individual stocks and currently sits at #191 in the Zacks Industry Rank. Stocks in this group have lost about 10.6% so far this year, so EPSN is performing better this group in terms of year-to-date returns.
In contrast, Global Partners LP falls under the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry. Currently, this industry has 6 stocks and is ranked #208. Since the beginning of the year, the industry has moved -4.2%.
Epsilon Energy Ltd. and Global Partners LP could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.
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Epsilon Energy Ltd. (EPSN): Free Stock Analysis Report Global Partners LP (GLP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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