These Oil Services Stocks Are Poised for Growth: Superior Energy Services, Inc. (SPN), U.S. Silica Holdings Inc (SLCA), Pioneer Energy Services Corp (PES)

Colombia is a growth market for Pioneer Energy Services Corp (NYSE:PES). In the first quarter of this year, all of the company’s drilling rigs were fully utilized. In Colombia, Pioneer Energy Services Corp (NYSE:PES) has growing margins and low costs. Last quarter’s results in Colombia were the company’s best ever and look set to continue for the rest of the year.

Drilling in south Texas, the Bakken ,and the Marcellus shale have been strong for Pioneer as well. Rigs are operating at 100% utilization. The only weakness in drilling for the company is in the Uinta basin and east Texas. The company plans on moving rigs out of that market and into the other markets where more rigs are needed.

Foolish assessment

All three companies offer investors exposure to the fast-growing oil services space. With market caps less than $5 billion, there’s significant upside potential as these companies have the ability to grow faster than the bigger names. Also, any of these three would be attractive buyout candidates for one of the bigger players.

The article These Oil Services Stocks Are Poised for Growth originally appeared on Fool.com and is written by Mark Yagalla.

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