National Oilwell Varco, Inc. (NYSE:NOV)
CAPS Rating:
The Company is a worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry.
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Recs
Wide economic mote. - They have standardized oil rig components, ~90% of oil rigs have some NOV technology on them.
Good financial standing - High current assets/current debt. Decent ROE -presently ~13%, Decent free cash flow ~5%, Decent operating margins ~20%
Assuming forward P/E of 9.9, and 2% div payout ratio, I estimate future 5 year high of $113.
Assuming forward P/E of ~12, and 2% div payout ratio, I estimate future 5 year high of $135