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.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy FTI?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 67.410
Low
40.00
Averages
48.50
High
53.00
Current: 67.410
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.
Baker Hughes Shares Drop Due to Falling Oil Prices
- Stock Decline: Baker Hughes (BKR) shares fell 5.5% in the morning session, primarily driven by a plunge in West Texas Intermediate (WTI) crude oil prices due to progress in the Iran-US peace deal, indicating market sensitivity to oil price fluctuations.
- Capex Cuts: The sharp drop in oil prices leads producers to quickly slash their capital expenditure budgets, which directly impacts revenue for oilfield service companies like Baker Hughes, with significant revenue declines expected in the next two quarters.
- Market Reaction: Despite Baker Hughes's low volatility, with only six moves greater than 5% in the past year, today's drop suggests that the market considers the news significant, potentially affecting investors' long-term perceptions of the company.
- Investment Returns: Although Baker Hughes has risen 34.3% since the beginning of the year, its current price is still 9.2% below its 52-week high, presenting potential buying opportunities for investors, especially considering a 160% return for those who invested five years ago.
See More
TECHNIPFMC PLC: TD Cowen Increases Price Target to $80, Up from $69
Target Price Increase: The price target for the company has been raised to $80 from a previous $69.
Market Implications: This adjustment reflects a positive outlook on the company's performance and potential growth in the market.
See More
TechnipFMC Q1 2026 Earnings Highlights
- Strong Financial Performance: TechnipFMC reported total revenue of $2.5 billion in Q1 2026, with adjusted EBITDA of $453 million and an EBITDA margin of 18.2%, showcasing the company's exceptional execution and bolstering market confidence.
- Free Cash Flow and Shareholder Returns: The company generated free cash flow of $277 million this quarter, with total shareholder distributions reaching $285 million, indicating a commitment to returning at least 70% of free cash flow to shareholders, thereby enhancing investor trust.
- Growing Order Trends: Orders totaled $1.9 billion in Q1, with management projecting $10 billion in Subsea orders for 2026, reflecting increased market demand and confidence in the company's future growth.
- Optimistic Outlook: Management expects Subsea revenue to increase in the high single digits sequentially in Q2, with adjusted EBITDA margin improving by approximately 300 basis points to 23%, indicating sustained growth potential in the coming months.
See More
TechnipFMC Q1 Earnings Beat Expectations with Strong Guidance
- Earnings Performance: TechnipFMC reported a Q1 non-GAAP EPS of $0.64, beating expectations by $0.08, indicating a sustained improvement in profitability that boosts investor confidence.
- Revenue Growth Slowdown: Despite an 11.7% year-over-year revenue increase to $2.49 billion, the figure missed expectations by $30 million, reflecting potential market demand uncertainties that could impact future performance.
- 2026 Financial Guidance: The company projects 2026 revenue for Subsea Technologies in the range of $9.2 to $9.6 billion, demonstrating confidence in future growth and reflecting its strategic positioning in the subsea market.
- Adjusted EBITDA Margin Outlook: Adjusted EBITDA margins are expected to range from 21%-22% for Subsea and 16.5%-18% for Surface Technologies, showcasing the company's efforts in cost control and profitability enhancement, which may yield better returns for future investments.
See More
TechnipFMC Q1 Earnings Announcement Scheduled
- Earnings Release Date: TechnipFMC is set to announce its Q1 earnings on April 30 before market open, with a consensus EPS estimate of $0.56, reflecting a significant year-over-year increase of 69.7%, which could bolster investor confidence.
- Revenue Expectations: The company anticipates Q1 revenue of $2.52 billion, representing a 12.8% year-over-year growth, indicating its competitive position and potential for business expansion in the market.
- Historical Performance: Over the past two years, TechnipFMC has exceeded EPS estimates 88% of the time and revenue estimates 63% of the time, showcasing the company's reliability in financial forecasting.
- Revision Trends: In the last three months, EPS estimates have seen 12 upward revisions and no downward adjustments, while revenue estimates experienced 9 upward revisions and 3 downward adjustments, reflecting a positive sentiment regarding the company's future performance.
See More
Analysis of IJH ETF's 52-Week Price Fluctuations
- Price Range Analysis: The IJH ETF's 52-week low is $55.68 per share, with a high of $74.0342, and the latest trade at $72.11 indicates stability near the high, potentially attracting investor interest.
- Technical Analysis Tool: Comparing the latest share price to the 200-day moving average provides valuable insights for investors, helping to assess market trends and potential buying opportunities.
- ETF Unit Trading Mechanism: ETFs trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in ETF shares outstanding focuses on those experiencing notable inflows (new units created) or outflows (old units destroyed), assessing their impact on underlying assets and market dynamics.
See More
Baker Hughes Shares Drop Due to Falling Oil Prices
- Stock Decline: Baker Hughes (BKR) shares fell 5.5% in the morning session, primarily driven by a plunge in West Texas Intermediate (WTI) crude oil prices due to progress in the Iran-US peace deal, indicating market sensitivity to oil price fluctuations.
- Capex Cuts: The sharp drop in oil prices leads producers to quickly slash their capital expenditure budgets, which directly impacts revenue for oilfield service companies like Baker Hughes, with significant revenue declines expected in the next two quarters.
- Market Reaction: Despite Baker Hughes's low volatility, with only six moves greater than 5% in the past year, today's drop suggests that the market considers the news significant, potentially affecting investors' long-term perceptions of the company.
- Investment Returns: Although Baker Hughes has risen 34.3% since the beginning of the year, its current price is still 9.2% below its 52-week high, presenting potential buying opportunities for investors, especially considering a 160% return for those who invested five years ago.
See More
TECHNIPFMC PLC: TD Cowen Increases Price Target to $80, Up from $69
Target Price Increase: The price target for the company has been raised to $80 from a previous $69.
Market Implications: This adjustment reflects a positive outlook on the company's performance and potential growth in the market.
See More
TechnipFMC Q1 2026 Earnings Highlights
- Strong Financial Performance: TechnipFMC reported total revenue of $2.5 billion in Q1 2026, with adjusted EBITDA of $453 million and an EBITDA margin of 18.2%, showcasing the company's exceptional execution and bolstering market confidence.
- Free Cash Flow and Shareholder Returns: The company generated free cash flow of $277 million this quarter, with total shareholder distributions reaching $285 million, indicating a commitment to returning at least 70% of free cash flow to shareholders, thereby enhancing investor trust.
- Growing Order Trends: Orders totaled $1.9 billion in Q1, with management projecting $10 billion in Subsea orders for 2026, reflecting increased market demand and confidence in the company's future growth.
- Optimistic Outlook: Management expects Subsea revenue to increase in the high single digits sequentially in Q2, with adjusted EBITDA margin improving by approximately 300 basis points to 23%, indicating sustained growth potential in the coming months.
See More
TechnipFMC Q1 Earnings Beat Expectations with Strong Guidance
- Earnings Performance: TechnipFMC reported a Q1 non-GAAP EPS of $0.64, beating expectations by $0.08, indicating a sustained improvement in profitability that boosts investor confidence.
- Revenue Growth Slowdown: Despite an 11.7% year-over-year revenue increase to $2.49 billion, the figure missed expectations by $30 million, reflecting potential market demand uncertainties that could impact future performance.
- 2026 Financial Guidance: The company projects 2026 revenue for Subsea Technologies in the range of $9.2 to $9.6 billion, demonstrating confidence in future growth and reflecting its strategic positioning in the subsea market.
- Adjusted EBITDA Margin Outlook: Adjusted EBITDA margins are expected to range from 21%-22% for Subsea and 16.5%-18% for Surface Technologies, showcasing the company's efforts in cost control and profitability enhancement, which may yield better returns for future investments.
See More
TechnipFMC Q1 Earnings Announcement Scheduled
- Earnings Release Date: TechnipFMC is set to announce its Q1 earnings on April 30 before market open, with a consensus EPS estimate of $0.56, reflecting a significant year-over-year increase of 69.7%, which could bolster investor confidence.
- Revenue Expectations: The company anticipates Q1 revenue of $2.52 billion, representing a 12.8% year-over-year growth, indicating its competitive position and potential for business expansion in the market.
- Historical Performance: Over the past two years, TechnipFMC has exceeded EPS estimates 88% of the time and revenue estimates 63% of the time, showcasing the company's reliability in financial forecasting.
- Revision Trends: In the last three months, EPS estimates have seen 12 upward revisions and no downward adjustments, while revenue estimates experienced 9 upward revisions and 3 downward adjustments, reflecting a positive sentiment regarding the company's future performance.
See More
Analysis of IJH ETF's 52-Week Price Fluctuations
- Price Range Analysis: The IJH ETF's 52-week low is $55.68 per share, with a high of $74.0342, and the latest trade at $72.11 indicates stability near the high, potentially attracting investor interest.
- Technical Analysis Tool: Comparing the latest share price to the 200-day moving average provides valuable insights for investors, helping to assess market trends and potential buying opportunities.
- ETF Unit Trading Mechanism: ETFs trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in ETF shares outstanding focuses on those experiencing notable inflows (new units created) or outflows (old units destroyed), assessing their impact on underlying assets and market dynamics.
See More
