Pritchard Capital Has Oil Services Industry Update (FTI, HAL, PDE, RES, SPN)

Pritchard Capital is out with its weekly report on the oil services sector. It's favorite ideas are FMC Technologies, Inc. FTI, Halliburton Company HAL, Pride International, Inc. PDE, RPC, Inc. RES and Superior Energy Services, Inc. SPN. In the report, Pritchard Capital writes, "The Oil Service Index (OSX-187.62) advanced 3.3% last week, outperforming the S&P 500's (SPX-1,109.55) 0.5% gain as the front-month crude contract edged up 2.5% and natural gas slipped by 1.8%. Following this year's trend, the production service companies were the top performers, advancing 4.2% on average, led by the three pressure pumpers, RPC, Inc. (RES-$19.44), Basic Energy Services, Inc. (BAS-$8.47), and Complete Production Services, Inc. (CPX-$20.25), advancing 9.6%, 8.5%, and 6.9%, respectively. Following the production service names were the offshore drillers (+3.4%), large-cap service stocks, land drillers, and vessel companies (all +2.2%), while the manufacturers remained relatively flat (+0.4%)."