• Return to Headlines

Shares of Natl Oilwell Var Rank the Highest in Terms of Relative Performance in the Oil & Gas Equipment & Services Industry (NOV , SLB , MDR , HLX , SPN )

By David Diaz

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.

Natl Oilwell Var (NYSE:NOV ) ranks first with a gain of 2.46%; Schlumberger Ltd (NYSE:SLB ) ranks second with a gain of 1.64%; and Mcdermott Intl (NYSE:MDR ) ranks third with a gain of 1.56%.

Helix Energy Sol (NYSE:HLX ) follows with a gain of 0.88% and Superior Energy (NYSE:SPN ) rounds out the top five with a gain of 0.20%.

SmarTrend recommended that subscribers consider buying shares of Mcdermott Intl on January 11th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $8.36. Since that recommendation, shares of Mcdermott Intl have risen 7.7%. We continue to monitor Mcdermott Intl for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: relative performance natl oilwell var schlumberger ltd mcdermott intl helix energy sol Superior Energy