For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. FMC Technologies (FTI) 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? 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.
FMC Technologies is one of 245 companies in the Oils-Energy group. The Oils-Energy group currently sits at #11 within 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. FMC Technologies is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for FTI's full-year earnings has moved 5.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that FTI has returned about 37.4% since the start of the calendar year. In comparison, Oils-Energy companies have returned an average of 6%. This shows that FMC Technologies is outperforming its peers so far this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is NCS Multistage (NCSM). The stock has returned 96.5% year-to-date.
The consensus estimate for NCS Multistage's current year EPS has increased 62% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, FMC Technologies belongs to the Oil and Gas - Field Services industry, a group that includes 23 individual stocks and currently sits at #140 in the Zacks Industry Rank. This group has lost an average of 0.3% so far this year, so FTI is performing better in this area. NCS Multistage is also part of the same industry.
Investors with an interest in Oils-Energy stocks should continue to track FMC Technologies and NCS Multistage. These stocks will be looking to continue their solid performance.
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TechnipFMC plc (FTI): Free Stock Analysis Report NCS Multistage Holdings, Inc. (NCSM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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