Which lesser known energy firm could power your portfolio to profits? Joe Terranova says it's NATCO Group !
According to thefirm's website, NATCO Group Inc. is a leading provider of wellhead process equipment, systems and services used in the production of oil and gas. NATCO production equipment is used onshore and offshore in most major oil and gas producing regions of the world. NATCO has designed, manufactured and marketed production equipment and services for more than 80 years.
Here are some more particulars:
NATCO Group (NTG)
-Based in Houston, TX
-Industry: Oil Well Services & Equip.
-Market Cap: $442 million
-52 Week Low $11.52
-52 Week High $56.86
-Down about 58% since this time last year
What makes NATCO a rising star?
Oilfield service companies have gone from underperformers to actually looking attractive, explains Terranova. I like NTG in particular because it had a capitulation low back in November and has risen steadily since then.
Also, I find this stock attractive because the firm has international exposure (they signed a contract with Petrobras) and when they reported earnings they showed an 18 percent jump in quarterly profit that beat market expectations.
Take all those factors and combine them with ISM numbers that have started to trough, and I’d buy this stock on a pullback.