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Best Relative Performance in the Oil & Gas Equipment & Services Industry Detected in Shares of Dril-Quip Inc (DRQ , OII , NR , FTI, HLX )

By Nick Russo

We looked at the Oil & Gas Equipment & Services industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.

Dril-Quip Inc (NYSE:DRQ ) ranks first with a gain of 10.28%; Oceaneering Intl (NYSE:OII ) ranks second with a gain of 2.81%; and Newpark Resource (NYSE:NR ) ranks third with a gain of 2.01%.

Technipfmc Plc (NYSE:FTI) follows with a gain of 1.89% and Helix Energy Sol (NYSE:HLX ) rounds out the top five with a gain of 1.77%.

SmarTrend recommended that subscribers consider buying shares of Technipfmc Plc on June 18th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $23.56. Since that recommendation, shares of Technipfmc Plc have risen 21.0%. We continue to monitor Technipfmc Plc for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: relative performance dril-quip inc oceaneering intl newpark resource technipfmc plc helix energy sol