Pritchard Capital Out With 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-181.69) finished up 3.3% last week, barely underperforming the S&P 500's (SPX-1,104.51) 3.7% advance as the front-month crude contract remained relatively flat but the natural gas contract climbed 6.3%. The top performers were the offshore drillers, climbing 6.2% on average as investors began to look past the Macondo disaster and gain interest in the space..."