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8 Top-Rated Energy Buys

6. Complete Production Services (CPX) provides oil and gas companies products and services to develop hydrocarbon reserves.

For the second quarter of 2011, the company reported net income of $54.5 million from $15.7 million in the same quarter last year. Adjusted EBITDA, as a percentage of sales, was 29.5% for the second quarter, benefiting from increased activity by upstream companies, as well as the deployment of the company's third frac fleet in July.

Revenue increased 53% year-over-year to $552 million, on improved activity and deployment of new assets. The company completed a $15.6 million acquisition of a hydraulic snubbing and production testing business. During the quarter, the company incurred capital expenditure of $93 million.

Based on analysts' consensus estimate, the stock is expected to deliver 77% over the next one year and is trading at 10.2 times its estimated 2011 earnings. Analysts polled by Bloomberg recommend an 86% buy rating on the stock.

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