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Is TechnipFMC (FTI) Outperforming Other Oils-Energy Stocks This Year?
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The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is FMC Technologies (FTI - Free Report) one of those stocks right now? 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 a member of the Oils-Energy sector. This group includes 240 individual stocks and currently holds a Zacks Sector Rank of #1. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader 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 5.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, FTI has gained about 56.6% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 29.4% on average. As we can see, FMC Technologies is performing better than its sector in the calendar year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Nextracker (NXT - Free Report) . The stock has returned 38.2% year-to-date.
The consensus estimate for Nextracker's current year EPS has increased 4.7% 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 #52 in the Zacks Industry Rank. On average, stocks in this group have gained 36.1% this year, meaning that FTI is performing better in terms of year-to-date returns.
On the other hand, Nextracker belongs to the Solar industry. This 16-stock industry is currently ranked #181. The industry has moved -4.3% year to date.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to FMC Technologies and Nextracker as they could maintain their solid performance.
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Is TechnipFMC (FTI) Outperforming Other Oils-Energy Stocks This Year?
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is FMC Technologies (FTI - Free Report) one of those stocks right now? 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 a member of the Oils-Energy sector. This group includes 240 individual stocks and currently holds a Zacks Sector Rank of #1. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader 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 5.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, FTI has gained about 56.6% so far this year. Meanwhile, stocks in the Oils-Energy group have gained about 29.4% on average. As we can see, FMC Technologies is performing better than its sector in the calendar year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is Nextracker (NXT - Free Report) . The stock has returned 38.2% year-to-date.
The consensus estimate for Nextracker's current year EPS has increased 4.7% 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 #52 in the Zacks Industry Rank. On average, stocks in this group have gained 36.1% this year, meaning that FTI is performing better in terms of year-to-date returns.
On the other hand, Nextracker belongs to the Solar industry. This 16-stock industry is currently ranked #181. The industry has moved -4.3% year to date.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to FMC Technologies and Nextracker as they could maintain their solid performance.