The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has FMC Technologies (FTI) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
FMC Technologies is one of 234 individual stocks in the Oils-Energy sector. Collectively, these companies sit 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. FMC Technologies is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for FTI's full-year earnings has moved 1.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, FTI has returned 48.4% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 20.1% on average. This means that FMC Technologies is outperforming the sector as a whole this year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is National Grid (NGG). The stock has returned 21.4% year-to-date.
The consensus estimate for National Grid's current year EPS has increased 2.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, FMC Technologies belongs to the Oil and Gas - Field Services industry, a group that includes 19 individual stocks and currently sits at #74 in the Zacks Industry Rank. Stocks in this group have gained about 37.4% so far this year, so FTI is performing better this group in terms of year-to-date returns.
National Grid, however, belongs to the Alternative Energy - Other industry. Currently, this 46-stock industry is ranked #179. The industry has moved +20.7% so far this year.
Investors with an interest in Oils-Energy stocks should continue to track FMC Technologies and National Grid. These stocks will be looking to continue their solid performance.
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TechnipFMC plc (FTI): Free Stock Analysis Report National Grid Transco, PLC (NGG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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