DMC Global Inc., among top 10 oilfield services stocks, may see 5.83% CAGR by 2024 due to rising oil prices and oilfield investment.

DMC Global Inc. is a strong contender among the top 10 oilfield services stocks to buy now, with a potential CAGR of 5.83% from $119bn in 2024. As oil prices support the oilfield services sector, companies like DMC Global, Dril-Quip, and Halliburton could benefit from increased spending on exploration and drilling activities, driving improved revenues and profit margins. The global upstream industry is expected to maintain $580bn in hydrocarbon investments in 2024, making these stocks attractive for investors seeking exposure to the growing demand for energy services and technology.

August 24, 2024
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