Energy Business

Oilfield Services Stocks Have Been Crushed - 4 To Buy Right Now

RPC
This is another small cap, off-the-radar stock that has solid upside potential. RPC Inc. (NYSE: RES) provides a range of specialized oilfield services and equipment primarily to independent oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the southwest, mid-continent, Gulf of Mexico, Rocky Mountain and Appalachian regions, and in selected international markets.

The company’s segments are Technical Services and Support Services. The Technical Services segment consists primarily of pressure pumping, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline and fishing.

The Support Services segment includes all of the services that provide equipment for customers’ use on the well site without RPC personnel and services that are provided in support of customer operations off the well site, such as classroom and computer training, and other consulting services.

Shareholders are paid a reasonable 2.82% dividend yield. The SunTrust price target is $25, and the consensus is posted at $19.61. The stock closed trading on Thursday at $14.19.

Superior Energy Services
Superior Energy Services, Inc. NYSE: SPN) provides a range of services and products to the energy industry related to the exploration, development and production of oil and natural gas. The company’s segments include Drilling Products and Services, which rents and sells bottom hole assemblies, drill pipe, tubulars and specialized equipment for use with onshore and offshore oil and gas well drilling, production and workover activities.

The Onshore Completion and Workover Services provides pressure pumping services used to complete and stimulate production in new oil and gas wells, fluid handling services and well-servicing rigs that provide a range of well completion and maintenance services.

Lastly, Production Services provides intervention services, such as coiled tubing, cased hole and mechanical wireline, hydraulic workover and snubbing, and remedial pumping services, and Technical Solutions, which provides services requiring specialized engineering, manufacturing or project planning.

The SunTrust price target for the stock is $13, and the consensus is at $12.89. The shares closed Thursday at $9.80.

These are 4 stocks to buy for big potential gains this summer and the rest of 2018. They run the risk gamut, so investors need to gauge their capital investment to their current risk tolerance. One thing is for sure: the sector offers far more value than many and makes sense to buy now after being hit so hard over the last month.