Goldman Sachs Pounds the Table on 5 Oilfield Services Leaders as Oil Surges Toward $100 a Barrel

While not as well known as the other Goldman Sachs favorites, this company may have among the largest upside potential. Expro Group Holdings N.V. (NYSE: XPRO) engages in the provision of energy services in North and Latin America, Europe, the Middle East, the Asia-Pacific and elsewhere.

The company provides well construction services, such as technology solutions in drilling, tubular running services and cementing and tubulars. Its well management services include well flow management, subsea well access and well intervention and integrity services. It serves exploration and production companies in onshore and offshore environments in approximately 60 countries.

Last month the company acquired PRT Offshore, which is also based in Houston, Texas, and is the only company to provide a complete Hook-to-Hanger solution enabling comprehensive well completions, interventions and decommissioning services from surface to subsea. Its unique system is designed to allow customers to access the wellbore safely and efficiently, all while reducing personnel on board.

The $25 Goldman Sachs target price is likely to rise soon. The consensus target is $26.60, and Wednesday’s close at $24.78 was up close to 3% for the day.

Halliburton

This is one of the premier oilfield services companies and is always a solid bet for those looking for exposure to the sector. Halliburton Co. (NYSE: HAL) provides products and services to the energy industry worldwide. It operates in two segments.

The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions and service tools, as well as liner hanger, sand control and multilateral systems; production solutions comprising coiled tubing, hydraulic workover units, downhole tools and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance and decommissioning. This segment also provides electrical submersible pumps, as well as artificial lift services.

The Drilling and Evaluation segment offers drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment and waste management services; oilfield completion, production and downstream water and process treatment chemicals and services; drilling systems and services; wireline and perforating services consists of open-hole logging, and cased-hole and slickline; and drill bits and services comprising roller cone rock bits, fixed cutter bits, hole enlargement and related downhole tools and services, as well as coring equipment and services.