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National Oilwell Varco, Inc. Message Board

  • mrclean82400 mrclean82400 Mar 14, 2013 1:22 PM Flag

    Zack's downgrade

    Is Zack's considered a contrarian indicator like most analysts? Their recomendation seems to be ignored. Not sure what there rating was before. But my guess is they had NOV as a buy at 88 and now a strong sell at 67. Anyhow, I bought more the other day.

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    • I can't understand their call. The growth is in the numbers and this energy boom we are in is not going to slow down. These guys have a supply network 2nd to none. They supply basic need type stuff, the staples of the business so to speak. There is room for thes guys, specialists companies into drilling alone, all sorts. NOV supplies most of them with something. couple elbows, some weld on flanges, maybe some pressure gauges......the list goes on and on. look for a blow out quarter next report

    • Take your pick.

      S&P research notes: S&P keeps strong buy opinion on shares of National Oilwell Varco (NOV
      Change -0.21 (-0.31%)
      AS OF 3:00 PM ET 03/12/13.

      We keep our '13 EPS estimate at $6.50, and '14's at $7.36. On DCF, sum-of-the-parts, and relative valuations, we keep our 12-mo. target price at $95. We see NOV exiting '13 with Rig Technology backlog of $12.3 billion, up about 3% from year-end '12, and think interest in incremental newbuilds continues. We also expect that the non-backlog portion of Rig Technology (largely aftermarket servicing) will grow revenues by about 23% in '13 and 17% in '14. While we do see narrower margins in the PS&S segment in '13 as the U.S. rig count continues to fall, we see a recovery in '14.

47.42+0.47(+1.00%)Jul 2 4:02 PMEDT