Target Hospitality (TH) is a specialty rental and hospitality services company that primarily caters to the Oil & Gas Equipment & Services industry. The company has 4 segments: Permian Basin; Bakken Basin; Government; and TCPL Keystone Pipeline. Currently, the company owns just under 14,000 beds across 26 different locations.
Given that a large bulk of TH’s revenue comes from companies in the energy sector, it’s not surprising that revenues were depressed along with energy prices until last year. Now, North American energy production is roaring back to life, and TH is a major beneficiary. However, it’s found another growth channel that is potentially bigger than energy.
