Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Shell (LON:RDSa) Midstream Partners, L.P. (SHLX) been one of those stocks this year? 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.
Shell Midstream Partners, L.P. is a member of our Oils-Energy group, which includes 318 different companies and currently sits at #15 in the Zacks Sector Rank. 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 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. SHLX is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for SHLX's full-year earnings has moved 8.19% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, SHLX has moved about 15.66% on a year-to-date basis. Meanwhile, stocks in the Oils-Energy group have gained about 10.20% on average. As we can see, Shell Midstream Partners, L.P. is performing better than its sector in the calendar year.
Looking more specifically, SHLX belongs to the Oil and Gas - Production Pipeline - MLB industry, which includes 17 individual stocks and currently sits at #177 in the Zacks Industry Rank. Stocks in this group have gained about 12.05% so far this year, so SHLX is performing better this group in terms of year-to-date returns.
Investors with an interest in Oils-Energy stocks should continue to track SHLX. The stock will be looking to continue its solid performance.
Shell Midstream Partners, L.P. (SHLX): Free Stock Analysis Report
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Zacks Investment Research