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Top 5 Companies in the Oil & Gas Equipment & Services Industry with the Best Relative Performance (MDR , HLX , NR , OII , FTI)

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.

Mcdermott Intl (NYSE:MDR ) ranks first with a gain of 8.90%; Helix Energy Sol (NYSE:HLX ) ranks second with a gain of 5.13%; and Newpark Resource (NYSE:NR ) ranks third with a gain of 4.51%.

Oceaneering Intl (NYSE:OII ) follows with a gain of 4.30% and Technipfmc Plc (NYSE:FTI) rounds out the top five with a gain of 4.03%.

SmarTrend recommended that its subscribers protect gains by selling shares of Mcdermott Intl on October 15th, 2018 by issuing a Downtrend alert when the shares were trading at $15.92. Since that call, shares of Mcdermott Intl have fallen 54.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: relative performance mcdermott intl helix energy sol newpark resource oceaneering intl technipfmc plc