Hertz Expands Oil and Gas Operations - Analyst Blog

In an attempt to expand its oil and gas operations, Hertz Global Holdings, Inc. HTZ announced that its wholly-owned subsidiary, Hertz Equipment Rental Corporation has extended its operations by introducing a new satellite facility in Wyoming's capital city of Cheyenne. The new facility will cater to southern Wyoming and oil plays in the northern regions of Colorado.

This new facility at Cheyenne harbors a good assortment of industrial fleet either for sale or rent. It includes forklifts, heaters, earth moving, portable power, aerial lifts, light plants, hoses, compressors, specialty pumps, power distribution products and other fleet specific to oil fields. Additionally, to enhance production and save time, the company can set up continuous on-site operations with round-the-clock staff.

Hertz Equipment, which has been bought from the industry's top manufacturers, has various rental options on a daily, weekly, monthly or on a long-term basis. Alongside, it offers options like rental purchase and rent-to-own for both new and used equipments for sale.

With over 30 years of experience in the oil and gas field, Hertz Equipment has services and equipments particularly designed for midstream and upstream functions. The company hires highly qualified staff apt for endowing the customers with the finest rental experience. It serves various North American oil and gas plays including Eagle-Ford, Marcellus, Permian Basin, Haynesville, Barnett, Utica and Bakken.

The company deals with both production and operating companies and also the drilling contractors operating in such surroundings. Further, Hertz Equipment extends safe operation equipment training services to its clients, which in turn facilitates employees' safety education.

Exploration and production of oil and gas being one of the most important business segments for Hertz Equipment, entails continuous strategic investments. The launch of this new Cheyenne facility highlights the company's focus on these investments. The company aims at supporting customers by curtailing their expenses and maximizing their revenues, along with maintaining conformity and taking effective safety measures.

Hertz currently carries a Zacks Rank #4 (Sell). Other better-ranked stocks in the same industry include Odyssey Marine Exploration Inc. OMEX, Rentrak Corporation RENT and SouFun Holdings Ltd. SFUN, all holding a Zacks Rank #1 (Strong Buy).