Oil States International
Trailing P/E: 9.9
2013 P/E: 9.5
Let’s say you’re an energy producer fracking a remote well in North Dakota’s Bakken shale or Canada’s Duvernay shale and have roughly 200 employees on the job site. It’s too far removed from civilization to travel to and from each day. What do you do?
You place a call to Oil States International (NYSE:OIS) and have it build a modular housing facility for your operation.
While Oil States operates across four business segments — including offshore products, well site and tubular services — its accommodations unit is by far the star of the show. OIS’s camps are designed to be modular, mobile and scalable, and they can create housing facilities to accommodate as little as 20 or as many as 5,000 workers.
More important, the company operates these facilities across the energy sector’s main hotbeds of activity: Australia, Canada and the U.S. Rising energy production in these area, for example new oil sands projects, will require an additional 35,000 to 40,000 workers by 2015 and will boost the firm’s bottom line.