Stocks to watch: Oil & Gas - Kentz (KENZ:AIM)

KENZ

Published date:
Thursday, March 13, 2008

Kentz (KENZ:AIM) 137.5p

The oil services provider listed on Aim in February, in what was, at the time, the biggest 2008 IPO in London. It works in the engineering and construction space, offering a wide range of services to the oil, gas and petrochemicals industries.

The firm, which has a market cap of more than £158 million, derives around 60% of its revenue and 80% of its current order book from the Middle East, and this continues to be a key growth area – earlier this month Kentz announced the $90 million renewal of a contract with the Fluor corporation in Kuwait.

The stock currently trades at a discount to the rest of the sector and further good news could lead to a rerating.

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