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Top 5 Companies in the Oil & Gas Equipment & Services Industry with the Best Relative Performance (CRR , FET , SPN , NR , DRQ )

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.

Carbo Ceramics (NYSE:CRR ) ranks first with a gain of 3.89%; Forum Energy Tec (NYSE:FET ) ranks second with a gain of 3.50%; and Superior Energy (NYSE:SPN ) ranks third with a gain of 2.75%.

Newpark Resource (NYSE:NR ) follows with a gain of 2.43% and Dril-Quip Inc (NYSE:DRQ ) rounds out the top five with a gain of 2.12%.

SmarTrend recommended that subscribers consider buying shares of Carbo Ceramics on April 18th, 2018 as our technology indicated a new Uptrend was in progress when shares hit $8.59. Since that recommendation, shares of Carbo Ceramics have risen 22.7%. We continue to monitor Carbo Ceramics for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: relative performance carbo ceramics forum energy tec Superior Energy newpark resource dril-quip inc