The energy sector is essential for the world, as it powers our homes and businesses. And given how much time we spend in those places, the need to keep them running smoothly at all times is paramount. As a result, these stocks are some of the top energy equipment and services industry players. Each of these companies specializes in equipment or services that help companies extract natural gas, oil, and other energy sources from the ground. Given their importance to this sector, investors interested in making money off a long-term bet on oil and gas stocks should consider buying and holding these top stocks. Read more about investing with insider information:
Cactus (WHD)
Cactus is a leading provider of equipment and services for the oil and natural gas industry. The company’s portfolio of products is designed to reduce costs and increase customer efficiency. Cactus offers a variety of solutions, including truck-mounted drilling rigs, compression systems, related equipment, production flow systems, and other services. The company has a presence in North America and the Middle East. Shares of Cactus are up over 35% year-to-date (YTD). The stock has a Zacks Rank #3 (Hold). A long-term investment in this top energy equipment and services stock is recommended.
NexTier Oilfield Solutions (NEX)
NexTier Oilfield Solutions (NEX) provides oilfield services, including completion, production, and workover services. The company’s operations include hydraulic fracturing, coiled tubing, and coiled tubing repair. NEX’s customers are engaged in oil and gas exploration and production in North America. The company also has operations in South and Southeast Asia. NEX’s shares gained over 37% so far in 2019. The stock has a Zacks Rank #2 (Buy). Investors looking to make a long-term bet in the energy equipment and services industry should consider buying this stock.
Archrock (AROC)
Archrock is a leading provider of completion and production services, primarily to the unconventional oil and natural gas well drilling and completion market. The company has a diversified portfolio of services across the U.S. and Canada. Archrock’s offerings include coiled tubing, acid fracturing, sand control, and other completion services. The company’s shares have gained 27% YTD. Archrock has a Zacks Rank #3. Investors can make a long-term bet on this energy equipment and services stock.
RPC, Inc. (RES)
RPC, Inc. (RES) is an engineering and construction company specializing in oil and gas infrastructure. The company also provides manufacturing of equipment used in the drilling and completion of oil and gas wells. RES also has a presence in the power and industrial sectors. The stock gained around 22% so far in 2019. RES has a Zacks Rank #3. Investors can make a long-term bet on this energy equipment and services stock.
Conclusion
As you can see, the energy sector is essential for the world, as it powers our homes and businesses. And given how much time we spend in those places, the need to keep them running smoothly at all times is paramount. As a result, these stocks are some of the top energy equipment and services industry players. Each company specializes in equipment or services that help companies extract natural gas, oil, and other energy sources from the ground, so they are poised to profit as the need for energy grows. Given their importance to this sector, investors interested in making money off a long-term bet on oil and gas stocks should consider buying and holding these top stocks.
Read More: Top Energy Equipment & Services Stocks to Buy Now and Hold