Are Oils-Energy Stocks Lagging TechnipFMC (FTI) This Year?

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is FMC Technologies (FTI) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.FMC Technologies is one of 237 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. FMC Technologies is currently sporting a Zacks Rank of #2 (Buy).Over the past 90 days, the Zacks Consensus Estimate for FTI's full-year earnings has moved 2.3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Our latest available data shows that FTI has returned about 21.1% since the start of the calendar year. In comparison, Oils-Energy companies have returned an average of 14.1%. This shows that FMC Technologies is outperforming its peers so far this year.KLX Energy Services (KLXE) is another Oils-Energy stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 16.9%.In KLX Energy Services' case, the consensus EPS estimate for the current year increased 10.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, FMC Technologies belongs to the Oil and Gas - Field Services industry, which includes 19 individual stocks and currently sits at #58 in the Zacks Industry Rank. This group has gained an average of 26.7% so far this year, so FTI is slightly underperforming its industry in this area. KLX Energy Services is also part of the same industry.FMC Technologies and KLX Energy Services could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TechnipFMC plc (FTI): Free Stock Analysis Report KLX Energy Services Holdings, Inc. (KLXE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks