Barron's: Furmanite shares can climb 60% on oil, chemical boom

|About: Furmanite Corporation (FRM)|By:, SA News Editor

Furmanite (FRM +4%) shares power higher after a Barron's profile sees the potential for 60% gains, as boom times for refineries and petrochemical plants mean plenty of work for the provider of specialized high-margin maintenance, inspection and other services to these heavy industries.

The stock has shed 20% since its February high after harsh winter weather caused a Q4 earnings miss, but the setback looks temporary and business prospects appear strong, according to writer David Englander.

Stephens analyst Matt Duncan estimates FRM earnings will grow 55% this year and 34% in 2015, driven by strong demand for the company's services.