GTLS Wins Global Master Goods and Services Deal From ExxonMobil

Chart Industries, Inc. GTLS has secured a global master goods and services deal from Exxon Mobil Corporation XOM to supply liquefied natural gas (LNG) equipment, technology and services.Based in Spring, TX, Exxon Mobil is involved in the exploration and production of crude oil and natural gas in the United States and globally. The company functions through various segments, such as Upstream, Energy Products, Chemical Products and Specialty Products.Per the deal, Chart Industries will provide cold boxes and its proprietary IPSMR process technology to Exxon Mobil. The two companies will create a single design and develop various versions to improve cost, schedule and quality for LNG projects worldwide. This partnership builds on GTLS’ prior work with Exxon Mobil on the Mozambique LNG project. It highlights their ongoing collaboration to enhance LNG production capabilities in many regions.GTLS’ Zacks Rank and Price PerformanceChart Industries currently carries a Zacks Rank #3 (Hold). It is likely to benefit from solid demand for its equipment and technology from LNG, hydrogen, data center and carbon capture markets. However, rising costs and expenses remain concerning.Shares of the company have gained 56.3% in the past year compared with the industry‘s 11.1% growth.Image Source: Zacks Investment ResearchThe Zacks Consensus Estimate for GTLS’ 2024 earnings has remained stable at $8.91 per share over the past 30 days.Stocks to ConsiderSome better-ranked companies from the same space are discussed below.Graham Corporation GHM currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.GHM delivered a trailing four-quarter average earnings surprise of 101.9%. In the past 60 days, the Zacks Consensus Estimate for Graham’s fiscal 2025 earnings has increased 8.4%.Gates Industrial Corporation plc GTES currently carries a Zacks Rank #2 (Buy). GTES delivered a trailing four-quarter average earnings surprise of 11.8%.In the past 60 days, the Zacks Consensus Estimate for Gates Industrial’s 2024 earnings has remained unchanged.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exxon Mobil Corporation (XOM): Free Stock Analysis Report Graham Corporation (GHM): Free Stock Analysis Report Chart Industries, Inc. (GTLS): Free Stock Analysis Report Gates Industrial Corporation PLC (GTES): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks