3 Oilfield Services Stocks Poised to Gain Despite Industry Challenges
The Zacks Oil and Gas - Field Services industry faces headwinds from high debt exposure, lower upstream spending, and rising renewable energy demand, but three companies are positioned to survive: TechnipFMC, Oceaneering International, and Core Laboratories. Despite industry challenges, the sector has outperformed the S&P 500 over the past year, gaining 53.3% versus 21.7%.