Oil Price Surge Puts Spotlight on Mid-Cap Energy Stocks

Oil prices are on the rise again, and this is pushing attention back to global energy and oil stocks. As inflation in the Eurozone picks up, companies may face higher costs while energy producers could benefit from increased demand.

Three mid-cap stocks that appear particularly exposed to this trend are Dayang Enterprise Holdings Bhd, Energy Services of America (ESOA), and NorAm Drilling.

Dayang Enterprise is a Malaysia-based offshore services company that provides maintenance, fabrication, and commissioning work for upstream oil production. With most revenue coming from Offshore Topside Maintenance Services and Marine Charter activities, the stock has a market cap of roughly MYR1.68 billion.

The company's recent quarterly results showed declines in sales and net income, highlighting how cyclical this revenue stream can be. However, a high dividend yield and solid profit margins add appeal, although weak dividend cover and reliance on external borrowing raise questions about resilience if oil activity slows or credit tightens.