Send me real-time posts from this site at my email

Best Energy Equipment Stocks To Buy In 2022

Originally published on Best Stocks

Category: best stocks to buy now

Undoubtedly, the energy sector is going through a period of transformation. New technology, growing demand for renewable energy sources, and pressure from governments and consumers to reduce carbon emissions have all played a part in how the equipment market looks today and will look tomorrow. Consequently, there are risks and opportunities for investors in this sector. But what should you look for in an energy equipment stock? What are the best energy equipment stocks to buy in 2022 and beyond? In this article, we’ll take you through some key considerations when investing in this sector and some top stocks to buy now so you can profit from this dynamic industry later.

Liberty Oilfield Services (LBRT)

Liberty Oilfield Services is a leading provider of rental equipment, chemicals, and other products and services to the oil and gas industry. Its rental fleet includes more than 6,000 equipment used in land drilling, completion, and production operations. Liberty Oilfield Services’ rental fleet includes a wide range of products and services, including drill rigs, workover rigs, natural gas gathering, compression equipment, production tanks and related services, fuel, chemicals, and mudflow chemicals. Its customers are primarily in North America but also include international operations. One of the reasons why Liberty Oilfield Services is one of our top stocks to buy in 2022 is because the company is expanding its rental fleet. This will increase demand for its products and services, driving profitability.

champion (CHX)

Champion is a manufacturer of heavy-duty equipment for the energy and construction industries. Its products include:

  • Skid-mounted and stationary rotary rigs.
  • Drilling fluids.
  • Related equipment for the energy and construction industries.

CHX’s rotating equipment is used for drilling water, oil, and gas wells and geothermal drilling. Its products include:

  • Skid-mounted and stationary rotary rigs.
  • Drilling fluids.
  • Related equipment for the energy and construction industries.

Because it serves both the energy and construction sectors, ChampionX is likely to benefit from the increasing demand for oil and gas that we expect in the coming years and the growing need for construction materials. This makes CHX a top energy equipment stock to buy in 2022.

Patterson-UTI Energy (PTEN)

Patterson-UTI Energy is a leading provider of drilling services to oil and gas exploration and production companies in the continental U.S. It operates through the following segments: Drilling, Completion, and Production Services, Engineering and Repair Services, and Rig Systems. Most of Patterson-UTI’s revenue comes from its Drilling segment, which provides drilling services to exploration and production companies. These services include oil and gas drilling, wireline and perforating services, completion and workover operations, frac flow back and coiled tubing services, and exploration services. Patterson-UTI Energy is one of the largest providers of these drilling services in the U.S., which is one of the main reasons it makes our list of the best energy equipment stocks to buy in 2022.

Nabors Industries (NBR)

Nabors Industries is a global drilling contractor that provides services for exploration and production companies worldwide. It offers a wide range of services, including offshore drilling, land drilling, well intervention services, pipeline, and other subsea services. Nabors Industries also provides well construction, completion, and intervention services for the production segment and artificial lift services for wells. It has a diversified fleet of drilling rigs, consisting of both onshore and offshore rigs, including backups, platform rigs, and semisubmersible rigs. Nabors Industries is one of the largest drilling contractors in the world. It also has a strong presence in the U.S. markets. These are two main reasons it makes our list of the best energy equipment stocks to buy in 2022.

Summary

Energy equipment stocks will likely perform well over the next few years because of the need to replace aging equipment and the increasing demand for oil and gas. But before you buy any stocks in this sector, there are a few things you need to keep in mind. First, ensure the company you’re investing in has strong competitive advantages. What are the main risks and threats it faces? How well-positioned is it to take advantage of the growing demand for energy equipment? And is the stock undervalued? If so, it could be a good opportunity to buy. Consider these factors when looking for the best energy equipment stocks to buy in 2022.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue