• Return to Headlines

Shares of Forum Energy Tec Rank the Highest in Terms of Relative Performance in the Oil & Gas Equipment & Services Industry (FET , FTI, OII , HLX , SLCA )

By Amy Schwartz

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.

Forum Energy Tec (NYSE:FET ) ranks first with a gain of 5.31%; Technipfmc Plc (NYSE:FTI) ranks second with a gain of 5.21%; and Oceaneering Intl (NYSE:OII ) ranks third with a gain of 2.50%.

Helix Energy Sol (NYSE:HLX ) follows with a gain of 1.29% and Us Silica Holdin (NYSE:SLCA ) rounds out the top five with a gain of 1.17%.

SmarTrend recommended that subscribers consider buying shares of Us Silica Holdin on January 10th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $12.24. Since that recommendation, shares of Us Silica Holdin have risen 25.7%. We continue to monitor Us Silica Holdin for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: relative performance forum energy tec technipfmc plc oceaneering intl helix energy sol us silica holdin