For Immediate Release
Chicago, IL – August 12, 2011 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: National Oilwell Varco ( NOV), Cabot Oil & Gas ( COG) Precision Drilling ( PDS) Oil States International ( OIS) and Complete Production Services ( CPX).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Thursday’s Analyst Blog:
Energy Stocks to Buy If Oil Bottoms at $75
In the midst of another heavy selling day in equities, crude oil showed more surprising strength on Wednesday. This after Tuesday's action when light sweet crude traded into the $75 handle and then rebounded sharply along with equities after the FOMC policy statement.
Wednesday's surge to nearly $83 per barrel and Thursday's push above $84.50 is signaling that while stocks may be pricing in the coming recession, the oil market is not. I think it is therefore a great time to look for bargains among strong energy names.
Here are seven Zacks #1 Rank stocks that I am trading this month. Note that most are mid-cap names ($2-$10 billion market cap), which is typical of the Zacks #1 Rank (strong buy) because our model screens for stocks with rapid earnings acceleration.
Each name is listed below by market capitalization (:MC), with the stock's forward P/E, a brief description of the company's business focus, and current year/next year EPS growth rates.* Be sure to see the available reports for more detailed analysis.
National Oilwell Varco ( NOV): $25.5B MC, 13.6 P/E; a worldwide leader in the design, manufacture and sale of machinery and equipment used in oil and gas drilling and production, with many components designed specifically for rig applications in offshore, extended reach and deep land drilling. 2011/12 EPS growth of 8.6% and 27%.
Cabot Oil & Gas ( COG): $6.2B MC, 39 P/E; an independent oil and gas company engaged in the exploration, development, acquisition and exploitation of oil and gas properties located in four areas of the United States: the onshore Texas and Louisiana Gulf Coast; the Rocky Mountains; Appalachia; and the Mid-Continent or Anadarko Basin. 2011/12 EPS growth of 52% and 82%.
Precision Drilling ( PDS): $3.3B MC, 12.75 P/E; an integrated oilfield drilling and energy service company that provides contract drilling, well servicing, and technologically advanced equipment for strategic support to hundreds of onshore rigs in Texas and Canada. 2011/12 EPS growth of 90% and 47.75%.
Oil States International ( OIS): $3.2B MC, 11.8 P/E; a diversified global oilfield services company, a leading manufacturer of products for deepwater production facilities and subsea pipelines, a leading supplier of a broad range of services to the oil and gas industry, including production-related rental tools, work force accommodations and logistics, oil country tubular goods distribution and land drilling services. 2011/12 EPS growth of 60% and 23.6%.
Complete Production Services ( CPX): $2.1B MC, 9.4 P/E; one of North America's leading oilfield service providers, offering all-inclusive field support solutions, equipment and well-production optimization and enhancement to the world's largest oil and gas companies who rely on the company's local basin expertise and leadership in the major oil and gas regions from Canada to Mexico. 2011/12 EPS growth of 163% and 36%.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
More From Zacks.com
- National Oilwell Varco
- Equity Research