The recent ceasefire between the U.S. and Iran, along with the reopening of the Strait of Hormuz, has quickly reshaped expectations around energy supply, pricing, and risk. For investors, this kind of geopolitical reset can change how certain energy stocks are viewed, from perceived safe havens to potentially more ordinary cyclicals. This article focuses on three energy sector stocks that are directly exposed to this news and could see their risk profiles and business outlooks reassessed as trade flows normalize. You will see which companies stand out as potential beneficiaries of the ceasefire driven shift in sentiment.

National Energy Services Reunited (NESR)

Overview: National Energy Services Reunited is an oilfield services company that helps energy producers in the Middle East and North Africa drill, complete, and maintain wells, using technologies ranging from hydraulic fracturing and artificial lift to drilling, logging, and well testing.

Operations: NESR generates about US$869m from Production Services and US$557m from Drilling and Evaluation Services, with roughly US$1.42b of its revenue coming from the MENA region and a small portion, about US$8m, from the rest of the world.

Market Cap: US$2.47b

National Energy Services Reunited sits at the heart of MENA upstream activity, so a ceasefire that reopens the Strait of Hormuz and reduces supply disruption risk can make its multi year contracts and in country operating footprint more valuable to customers looking for reliability. Analysts expect strong revenue and earnings growth, and recent Q1 2026 results showed higher sales and net income alongside management’s focus on resilience and local execution, although margins remain relatively modest and the P/E is higher than many peers. At the same time, the stock is flagged as trading well below one fair value estimate, with potential upside if contract backlogs in Kuwait, Algeria, Libya and broader decarbonization and water projects play out as expected in a still volatile region.

National Energy Services Reunited appears to be a potential ceasefire beneficiary, supported by multi year MENA contracts and a higher P/E that may be pricing in more than investors realize. Start with the DCF valuation analysis for National Energy Services Reunited to explore what the headline does not fully explain.

Gulf Marine Services (LSE:GMS)

Overview: Gulf Marine Services operates a fleet of self propelled, self elevating support vessels that provide offshore construction, heavy lifting, accommodation, well intervention, and manpower services for oil and gas and renewable projects across the Middle East and Europe.

Market Cap: £230m

Gulf Marine Services sits at the crossroads of offshore energy and trade, so the ceasefire and reopening of the Strait of Hormuz directly support its ability to keep vessels working without prolonged disruption while still leaning on a contract backlog of about US$666m and expanding into Africa and Latin America. There is forecast earnings growth of 35.55% a year, an 80.6% discount to one fair value estimate and recently awarded higher day rate charters, which together suggest the market may not be fully pricing the business. However, margins have compressed, a US$10.1m one off loss clouds recent results and all liabilities are funded from higher risk borrowing, so investors need to weigh potential upside against funding and earnings volatility risks.

Gulf Marine Services looks like an earnings story that the market has not fully joined the dots on yet, with higher day rate charters and a big backlog set against funding questions that the 2 key rewards and 2 important warning signs

Excelerate Energy (EE)

Overview: Excelerate Energy is a U.S. based LNG company that owns and operates floating regasification terminals and related infrastructure, providing customers with the vessels, crews, and services needed to turn imported liquefied natural gas back into usable gas, power, and steam across multiple regions.

Operations: Excelerate Energy generates about US$1.35b from its Utilities - Gas segment, with revenue spread across North America (US$533.1m), Asia Pacific (US$324.8m), Latin America (US$216.3m), the Middle East (US$155.2m), Europe (US$113.6m), and other markets (US$3.6m).

Market Cap: US$3.92b

Excelerate Energy gives you direct exposure to global LNG trade at a moment when the Strait of Hormuz ceasefire and reopening reduce a key chokepoint risk for its Middle East operations, including FSRUs in the UAE and a delayed but intact long term Iraq contract. Analysts have recently noted that the stock is flagged as trading well below one fair value estimate, while also highlighting a relatively thin net margin of around 3% and higher leverage. With most EBITDA backed by long term take or pay contracts, and heavy reliance on LNG infrastructure in a world pushing toward decarbonization, investors who understand where Excelerate sits on that risk reward line may find something interesting hiding in plain sight.

Excelerate Energy’s thin 3% margin and higher leverage could be masking a very different story once you factor in long term LNG contracts and regional exposure, so make sure you read the analysis report for Excelerate Energy

The three stocks covered here are just a starting point, with the full Energy Sector Stocks screener surfacing 24 more companies that share similar energy sector themes and equally compelling narratives. Use Simply Wall St to identify and analyze the specific catalysts, balance sheet strength, contracts, and regional exposures that matter most to you, so you can focus on the highest conviction ideas in this part of the market.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.