Investors in LSB shares saw their stake grow 41.9 percent in the quarter, with shares closing Friday at $43.87 after setting a 52-week high earlier last week. The stock ended the previous quarter at $30.91.
Throughout the quarter, LSB provided several updates on repairs to its damaged chemical plant in El Dorado, Ark. The firm estimated the explosion cost it about $7 million in operating income in the second quarter. While the news briefly hurt the stock price, the shares kept bouncing back.
“I think before people understood it, it (the stock) took a dip, but it seemed to recover,” Golsen said.
Investors now appear to be optimistic about LSB's prospects, particularly on the chemical production side, Golsen said.
“I think that they're looking at that potential business for 2013,” he said. “The market looks very strong.”
Dollarhide said his firm recently boosted its investment in chemical companies, a sector he is bullish on.
Meanwhile, Golsen said, the climate control business remains fairly flat, reflecting a sluggish level of construction spending.
Another strong Oklahoma performer has been a publicly traded concern for little more than a year. Compressco Partners LP, an Oklahoma City company that manufacturers and sells compressors designed to enhance production from natural gas and oil wells, went public in mid-2011.
After registering a 28 percent decline in the second quarter, Compressco shares bounced back to post a 35.7 percent gain over the past three months. In early August, Compressco reported a $3.6 million second-quarter profit — six times the earnings of the same period a year earlier — and the stock bounced.
The earnings report also prompted Raymond James to upgrade the shares and place an $18 price target on the stock. The stock closed Friday at $16.83.
Dollarhide said the upcoming election season could have a significant impact on equities, particularly for Oklahoma energy companies that produce natural gas.
“There's some important legislation that could really change the game for natural gas,” Dollarhide said. “The energy component has underperformed so far this year. I'm optimistic that the energy component could potentially have a really big 2013.”
At a glance
Top three companies