Shale Oil Companies Show Positive Trend; Solid Market Cap Backed By Encouraging Fundamental Ratings
Swing Trader: Sector Rotation Strategy (TA&FA) Annualized Return + 48%
Theme Pumping +12.48% 1 Month Change
Tickers in theme Shale Oil -- $FLS $GRC $IEX $ITT $PTEN
Theme: Shale Oil Sector
The Shale Oil sector has recently seen a significant surge with an impressive annualized return of 48%. The sector, referred to as the 'Pumping' theme, has demonstrated a healthy one-month change of +12.48%. A set of five key tickers forming the crux of this theme are Flowserve Corporation ($FLS), Gorman-Rupp Co ($GRC), IDEX Corporation ($IEX), ITT Inc. ($ITT), and Patterson-UTI Energy Inc. ($PTEN).
Notable Tickers:
1. IDEX Corporation ($IEX)
With the highest market capitalization in the group at $16.6 billion, IDEX Corporation stands as a formidable player in the sector. The corporation was a top weekly gainer as of August 1, 2023, witnessing a 5.1% surge. Current indicators predict an uptrend continuation for IDEX, solidifying its position in the sector.
2. Flowserve Corporation ($FLS)
Flowserve Corporation holds a significant position within the theme, with a notable jump of 12.26% in a week as of June 8, 2023. This strong growth trajectory substantiates the positive outlook of the sector.
3. Patterson-UTI Energy ($PTEN)
Despite being the top loser in a certain week, declining by 7.77%, Patterson-UTI Energy exhibits potential for a downtrend reversal. The company's resilience contributes to the overall robustness of the 'Pumping' theme.
Positive Outlook and Market Cap
Today, the Shale Oil stocks portray a positive outlook, underpinned by the MA200MA50 Indicator. With an optimistic forecast predicting a 4% increase in the next month with a likelihood of 71%, the group is on an upward trajectory. The average market capitalization across the theme is $6.8 billion, ranging from $843.4 million to $16.6 billion.
Price and Volume Growth
The average weekly price growth across the stocks in the theme was 6.27%. The average monthly and quarterly price growth was 12.48% and 7.45% respectively. However, the average weekly volume growth was -69.98%, with the average monthly and quarterly volume growth at -20.28% and -32.39%.
Fundamental Analysis Ratings
The fundamental analysis ratings provide a deeper understanding of the theme. The valuation rating stands at 56, the P/E growth rating at 69, and the price growth rating at 84. The SMR rating and the profit risk rating are marked at 59 and 62, indicating a stable performance within the theme.
FLS moved above its 50-day moving average on January 28, 2025 date and that indicates a change from a downward trend to an upward trend. In of 48 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on January 03, 2025. You may want to consider a long position or call options on FLS as a result. In of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The 10-day moving average for FLS crossed bullishly above the 50-day moving average on January 17, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FLS advanced for three days, in of 343 cases, the price rose further within the following month. The odds of a continued upward trend are .
The 10-day RSI Indicator for FLS moved out of overbought territory on January 27, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 67 cases where FLS's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for FLS turned negative on January 29, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FLS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
FLS broke above its upper Bollinger Band on January 15, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for FLS entered a downward trend on January 10, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. FLS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock slightly better than average.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.116) is normal, around the industry mean (4.594). P/E Ratio (32.380) is within average values for comparable stocks, (51.569). Projected Growth (PEG Ratio) (1.803) is also within normal values, averaging (2.219). Dividend Yield (0.018) settles around the average of (0.022) among similar stocks. P/S Ratio (1.404) is also within normal values, averaging (9.670).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of industrial pumps and other engineering equipment
Industry IndustrialMachinery