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Is TechnipFMC (FTI) Stock Outpacing Its Oils-Energy Peers This Year?
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For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Is FMC Technologies (FTI - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
FMC Technologies is one of 237 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. FMC Technologies is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for FTI's full-year earnings has moved 4.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, FTI has returned 8.5% so far this year. At the same time, Oils-Energy stocks have gained an average of 7.2%. 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 JinkoSolar (JKS - Free Report) . The stock has returned 9% year-to-date.
Over the past three months, JinkoSolar's consensus EPS estimate for the current year has increased 49.3%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, FMC Technologies is a member of the Oil and Gas - Field Services industry, which includes 19 individual companies and currently sits at #50 in the Zacks Industry Rank. On average, this group has gained an average of 15.2% so far this year, meaning that FTI is slightly underperforming its industry in terms of year-to-date returns.
JinkoSolar, however, belongs to the Solar industry. Currently, this 14-stock industry is ranked #35. The industry has moved +36.6% so far this year.
Investors with an interest in Oils-Energy stocks should continue to track FMC Technologies and JinkoSolar. These stocks will be looking to continue their solid performance.
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Is TechnipFMC (FTI) Stock Outpacing Its Oils-Energy Peers This Year?
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Is FMC Technologies (FTI - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
FMC Technologies is one of 237 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. FMC Technologies is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for FTI's full-year earnings has moved 4.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, FTI has returned 8.5% so far this year. At the same time, Oils-Energy stocks have gained an average of 7.2%. 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 JinkoSolar (JKS - Free Report) . The stock has returned 9% year-to-date.
Over the past three months, JinkoSolar's consensus EPS estimate for the current year has increased 49.3%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, FMC Technologies is a member of the Oil and Gas - Field Services industry, which includes 19 individual companies and currently sits at #50 in the Zacks Industry Rank. On average, this group has gained an average of 15.2% so far this year, meaning that FTI is slightly underperforming its industry in terms of year-to-date returns.
JinkoSolar, however, belongs to the Solar industry. Currently, this 14-stock industry is ranked #35. The industry has moved +36.6% so far this year.
Investors with an interest in Oils-Energy stocks should continue to track FMC Technologies and JinkoSolar. These stocks will be looking to continue their solid performance.