Should You Invest in the SPDR S&P Oil & Gas Equipment & Services ETF (XES)?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 25 2024
0mins
Source: NASDAQ.COM
Overview of SPDR S&P Oil & Gas ETF (XES): Launched in 2006, XES is a passively managed ETF focusing on the Energy - Equipment and Services sector, with low operating expenses of 0.35% and a current asset value of over $217 million.
Performance and Risk Assessment: The ETF has seen a slight gain of 1.11% this year but is down 9.79% over the past year, exhibiting high risk with a beta of 1.73; it holds a Zacks ETF Rank of 2 (Buy) indicating favorable investment potential.
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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: 61.040
Low
40.00
Averages
48.50
High
53.00
Current: 61.040
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.
TechnipFMC: Leading Technology Provider in Energy Sector
- Strong Contract Backlog: TechnipFMC currently holds a substantial subsea contract backlog of nearly $16 billion, ensuring robust revenue visibility through 2026 and beyond, provided oil prices remain stable, which secures the company's future growth prospects.
- Revenue Guidance Upward: Management has guided subsea revenue to be between $9.1 billion and $9.5 billion in 2026, reflecting sustained demand and market confidence in the oil and gas sector, while also indicating potential improvements in profitability.
- Stock Buyback Initiative: The company initiated a $2 billion stock buyback program in October, combined with $300 million from a prior program, totaling approximately 9.2% of TechnipFMC's current market capitalization, aimed at enhancing shareholder value and boosting market confidence.
- Impressive Stock Performance: Since mid-2022, TechnipFMC's stock has surged by an astonishing 1,000%, although its operational performance has not grown at the same pace, indicating high market expectations for its future potential.
See More
Oilfield Services Stocks Experience a Turnaround
- Industry Performance Reversal: In 2026, oilfield services stocks have surged, with the VanEck Oil Services ETF (NYSE: OIH) rallying nearly 30% year-to-date through February 4, marking it as the best-performing industry group this year and indicating a significant shift in capital flows.
- Structural Re-rating: Jeff Krimmel of Krimmel Strategy Group emphasizes that this rally is not merely momentum-driven but reflects a structural re-rating of oil-related equities, which could reshape capital flows and investment priorities over the next decade.
- Relative Performance Boost: Year-to-date, oilfield services stocks have outperformed software by nearly 60 percentage points, pushing their relative performance ratio to its highest level since November 2023, showcasing investors' preference for value-linked energy plays.
- Sustainable Growth Potential: As market confidence in oilfield services strengthens, attention shifts to whether these companies can convert operational momentum into sustainable earnings growth, indicating that the oilfield services sector is regaining investor focus.
See More
European Markets Surge as Stocks Outperform U.S. Amid Tariff Threats
- European Market Performance: Despite ongoing tariff threats from the Trump administration, Europe's largest equity index, the STOXX 600, has risen over 4% year-to-date, reflecting strong market confidence and suggesting it will continue to outperform U.S. markets.
- Rio Tinto Stock Surge: The company has seen its stock price increase by over 35% in the last three months, currently trading at a price-to-earnings ratio of 12.5 and offering a 4% dividend yield, which positions it favorably among mining peers and attracts investor interest.
- ASML's Technological Leadership: As Europe's most crucial tech company, ASML's EUV machines cost upwards of $300 million each, with annual sales of about 40 units; despite its high valuation, a gross margin of 52% keeps it attractive to investors, likely driving further stock price increases.
- Constellium Stock Rise: The aluminum products manufacturer saw its rating upgraded by Wells Fargo from Neutral to Overweight, with a price target raised to $25, representing over 45% upside, and the upcoming earnings report is expected to further boost the stock price.
See More
TechnipFMC Schedules Q4 2025 Earnings Call for February 19, 2026
- Earnings Call Schedule: TechnipFMC will host its Q4 2025 earnings conference call on February 19, 2026, at 1:30 p.m. London time, with a press release issued at approximately 11:45 a.m. London time, ensuring timely access to critical information for investors.
- Live Webcast Availability: The event will be webcast live via the Investor Relations website, allowing investors to register for participation, and a replay will be available post-event, enhancing information transparency and investor engagement.
- Company Background: TechnipFMC is a leading technology provider to traditional and new energy sectors, committed to helping clients reduce carbon intensity and support energy transition through proprietary technologies and comprehensive solutions, showcasing its technological leadership in the industry.
- Employee Commitment and Culture: With approximately 21,000 employees dedicated to client success, the company fosters a culture of strong execution, purposeful innovation, and challenging industry conventions, indicating its proactive role in industry transformation.
See More
TechnipFMC CEO Doug Pferdehirt to Speak at Goldman Sachs Energy Conference 2026
- Conference Announcement: TechnipFMC's CEO Doug Pferdehirt will speak at the Goldman Sachs Energy, CleanTech & Utilities Conference on January 6, 2026, at 1:40 p.m. ET in Aventura, FL, highlighting the company's leadership in energy transition.
- Live Webcast: The event will feature a live webcast accessible via the company's Investor Relations website, ensuring transparency and enhancing engagement with investors.
- Audio Replay: An audio replay of the webcast will be available on the company’s website for 180 days post-event, allowing investors who cannot attend live to access the information, thereby improving information dissemination.
- Company Overview: TechnipFMC is a leading technology provider to traditional and new energy sectors, committed to reducing carbon intensity and supporting energy transition through proprietary technologies and comprehensive solutions, showcasing its innovative capabilities and market impact in the industry.
See More
TechnipFMC Awarded Subsea Contract by Eni
- Contract Award: TechnipFMC has been awarded a subsea contract valued between $250 million.
- Announcement Timing: The announcement regarding the contract was made late Thursday.
See More
TechnipFMC: Leading Technology Provider in Energy Sector
- Strong Contract Backlog: TechnipFMC currently holds a substantial subsea contract backlog of nearly $16 billion, ensuring robust revenue visibility through 2026 and beyond, provided oil prices remain stable, which secures the company's future growth prospects.
- Revenue Guidance Upward: Management has guided subsea revenue to be between $9.1 billion and $9.5 billion in 2026, reflecting sustained demand and market confidence in the oil and gas sector, while also indicating potential improvements in profitability.
- Stock Buyback Initiative: The company initiated a $2 billion stock buyback program in October, combined with $300 million from a prior program, totaling approximately 9.2% of TechnipFMC's current market capitalization, aimed at enhancing shareholder value and boosting market confidence.
- Impressive Stock Performance: Since mid-2022, TechnipFMC's stock has surged by an astonishing 1,000%, although its operational performance has not grown at the same pace, indicating high market expectations for its future potential.
See More
Oilfield Services Stocks Experience a Turnaround
- Industry Performance Reversal: In 2026, oilfield services stocks have surged, with the VanEck Oil Services ETF (NYSE: OIH) rallying nearly 30% year-to-date through February 4, marking it as the best-performing industry group this year and indicating a significant shift in capital flows.
- Structural Re-rating: Jeff Krimmel of Krimmel Strategy Group emphasizes that this rally is not merely momentum-driven but reflects a structural re-rating of oil-related equities, which could reshape capital flows and investment priorities over the next decade.
- Relative Performance Boost: Year-to-date, oilfield services stocks have outperformed software by nearly 60 percentage points, pushing their relative performance ratio to its highest level since November 2023, showcasing investors' preference for value-linked energy plays.
- Sustainable Growth Potential: As market confidence in oilfield services strengthens, attention shifts to whether these companies can convert operational momentum into sustainable earnings growth, indicating that the oilfield services sector is regaining investor focus.
See More
European Markets Surge as Stocks Outperform U.S. Amid Tariff Threats
- European Market Performance: Despite ongoing tariff threats from the Trump administration, Europe's largest equity index, the STOXX 600, has risen over 4% year-to-date, reflecting strong market confidence and suggesting it will continue to outperform U.S. markets.
- Rio Tinto Stock Surge: The company has seen its stock price increase by over 35% in the last three months, currently trading at a price-to-earnings ratio of 12.5 and offering a 4% dividend yield, which positions it favorably among mining peers and attracts investor interest.
- ASML's Technological Leadership: As Europe's most crucial tech company, ASML's EUV machines cost upwards of $300 million each, with annual sales of about 40 units; despite its high valuation, a gross margin of 52% keeps it attractive to investors, likely driving further stock price increases.
- Constellium Stock Rise: The aluminum products manufacturer saw its rating upgraded by Wells Fargo from Neutral to Overweight, with a price target raised to $25, representing over 45% upside, and the upcoming earnings report is expected to further boost the stock price.
See More
TechnipFMC Schedules Q4 2025 Earnings Call for February 19, 2026
- Earnings Call Schedule: TechnipFMC will host its Q4 2025 earnings conference call on February 19, 2026, at 1:30 p.m. London time, with a press release issued at approximately 11:45 a.m. London time, ensuring timely access to critical information for investors.
- Live Webcast Availability: The event will be webcast live via the Investor Relations website, allowing investors to register for participation, and a replay will be available post-event, enhancing information transparency and investor engagement.
- Company Background: TechnipFMC is a leading technology provider to traditional and new energy sectors, committed to helping clients reduce carbon intensity and support energy transition through proprietary technologies and comprehensive solutions, showcasing its technological leadership in the industry.
- Employee Commitment and Culture: With approximately 21,000 employees dedicated to client success, the company fosters a culture of strong execution, purposeful innovation, and challenging industry conventions, indicating its proactive role in industry transformation.
See More
TechnipFMC CEO Doug Pferdehirt to Speak at Goldman Sachs Energy Conference 2026
- Conference Announcement: TechnipFMC's CEO Doug Pferdehirt will speak at the Goldman Sachs Energy, CleanTech & Utilities Conference on January 6, 2026, at 1:40 p.m. ET in Aventura, FL, highlighting the company's leadership in energy transition.
- Live Webcast: The event will feature a live webcast accessible via the company's Investor Relations website, ensuring transparency and enhancing engagement with investors.
- Audio Replay: An audio replay of the webcast will be available on the company’s website for 180 days post-event, allowing investors who cannot attend live to access the information, thereby improving information dissemination.
- Company Overview: TechnipFMC is a leading technology provider to traditional and new energy sectors, committed to reducing carbon intensity and supporting energy transition through proprietary technologies and comprehensive solutions, showcasing its innovative capabilities and market impact in the industry.
See More
TechnipFMC Awarded Subsea Contract by Eni
- Contract Award: TechnipFMC has been awarded a subsea contract valued between $250 million.
- Announcement Timing: The announcement regarding the contract was made late Thursday.
See More
