Top Five Mid-Cap Stocks: Ametek

Energen (EGN Quote - Cramer on EGN - Stock Picks) is a Birmingham, Ala., energy holding company that acquires, develops, explores for and produces oil, natural gas and natural gas liquids in the U.S. The company has two subsidiaries, Energen Resources Corporation and Alabama Gas Corp. Energen Resources, which explores for and produces oil and gas, generates about 85% of the company's consolidated net income. Alabama Gas Corp. is the largest natural gas distributor in Alabama.

Energen has been rated a buy since January 2006. Revenue increased 5.9% year over year for the first quarter of fiscal 2008. This growth appears to have helped boost the company's earnings per share 13% in the same period. Energen's expanding profit margins are also strengths. The company reported that its gross profit margin increased to 46%, vs. 43% in first quarter of 2007.

Management said it was pleased with the first-quarter results and is excited about Energen's future outlook. The company has capitalized on the recent upward momentum of oil and gas market prices by strengthening its hedge position for 2009 and 2010 production to help lock in earnings and cash flow growth. Additionally, Energen announced its new EPS guidance for fiscal 2008, estimating $4.15 to $4.55 due to the current market strength of commodity prices. However, any significant decline in natural gas and oil prices, along with any unfavorable regulatory movements, could negatively affect the company's business and future profitability.

Flowserve (FLS Quote - Cramer on FLS - Stock Picks) develops, manufactures and sells precision-engineered flow equipments through 3 divisions: Flowserve Pump, Flow Control, and Flow Solutions. The company operates worldwide in more than 56 countries, with 43% of its revenues coming from North America.

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