TechnipFMC’s one-year returns compared to industry
TechnipFMC’s (FTI) one-year returns were 15.5% as of July 10, 2018. In comparison, since July 10, 2017, the Energy Select Sector SPDR ETF (XLE) increased ~20%. XLE tracks an index of US energy companies. The VanEck Vectors Oil Services ETF (OIH) witnessed 10% one-year returns. OIH tracks an index of 25 oilfield equipment and services (or OFS) companies. So, FTI underperformed XLE but outperformed OIH in the past one year.
FTI has performed nearly in line with the SPDR S&P 500 ETF (SPY) since July 10, 2017. SPY has produced 15.2% returns in the past year. The SPDR S&P Oil & Gas Equipment & Services ETF (XES) increased 14.2% in the past year. XES provides exposure to the oil and gas equipment and services segment of the energy industry.
Crude oil price and rigs
As of July 10, 2018, the West Texas Intermediate (or WTI) crude oil (USO) price was 64.5% higher compared to a year ago. Led by crude oil price’s strength, the US rig count increased 11% in the past year. Learn the latest on energy prices in Market Realist’s Investors in Energy and SPY: More Upside in Oil?
Check out all the data we have added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data as well as dividend info. Take a look!
Next, we’ll discuss short interest in FTI stock.