2 Buy-Rated Oil & Gas Equipment & Services Under $10 -Breaking
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2 Buy-Rated Oil & Gas Equipment & Services Under $10The oil and gas companies have gained significantly this year due to rebounding demand and OPEC’s supply cuts. Goldman Sachs Group High oil demand is expected in the future. These stocks, Geospace and NOW Inc. (DNOW), are expected to benefit. These stocks trade for less than $10, and they are currently buy-rated by our proprietary rating system. The oil and gas sector is expected to see a spectacular recovery in 2021. As 2019 draws to an end, oil markets seem to be in a much better place. The increase of COVID-19 case is likely to cause a temporary slowdown, but not to derail oil recovery. The International Energy Agency (IEA) predicts that global oil demand will increase by 5.4 mb/d and 3.3 mb/d respectively in 2021, and then return to prepandemic levels in 2022.
Goldman Sachs Group Inc. (NYSE 🙂 predicts a large oil demand for 2022 & 2023. In recent months, oil prices rose because of the increased demand for post-pandemic supplies. The outlook for oil and gas equipment firms is good. Global oilfield equipment sales are expected to grow at 2.8% annually by 2026 and reach $139.3 Billion.
The under $10 stock of oil and gas equipment, services and supplies by NOW Inc. In our POWR Rating System, these stocks have been rated as Buy (Buy).
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