Is SPDR S&P Oil & Gas Equipment & Services ETF (XES) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 27 2024
0mins
Source: NASDAQ.COM
Overview of SPDR S&P Oil & Gas Equipment & Services ETF (XES): Launched in 2006, XES offers investors exposure to the energy sector with a focus on oil and gas equipment and services, featuring a low expense ratio of 0.35% and a current dividend yield of 1.21%.
Performance and Alternatives: XES has experienced a decline of approximately -6.06% this year and -16.75% over the past year, making it a high-risk investment option; investors may also consider traditional market cap weighted ETFs for lower risk and cost-effective alternatives.
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Analyst Views on FTI
Wall Street analysts forecast FTI stock price to fall
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 70.160
Low
40.00
Averages
48.50
High
53.00
Current: 70.160
Low
40.00
Averages
48.50
High
53.00
About FTI
TechnipFMC plc is a United Kingdom-based technology company, which operates in the energy industry. The Company is focused on delivering fully integrated projects, products, and services. The Company operates through two segments: Subsea and Surface Technologies. The Subsea segment manufactures and designs products and systems, performs engineering, procurement and project management and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas. The Surface Technologies segment designs, manufactures and supplies technologically advanced wellhead systems and high-pressure valves and pumps used in stimulation activities for oilfield service companies and provides installation, flowback and other services for exploration and production companies. The Company operates across various countries, including the United States; Brazil; Norway; the United Kingdom; Guyana, Australia, Angola, Brazil and all other countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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