National Oilwell Varco (NOV) Tops Q1 EPS by 4c
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National-Oilwell Varco (NOV) Cutting EPS But Raising the PT - KLR Group
April 29, 2016 7:13 AM EDTKLR Group analyst, Darren Gacicia, raised his PT on National-Oilwell Varco (NYSE: NOV) to $52 and believes investors place too high of an emphasis on the downturn in the offshore rig construction cycle. The consumables businesses drive NOV's earnings recovery with an increase in upstream activity while NOVs strong balance sheet, FCF, and opportunities for accretive acquisitions, offer a good risk/reward.... More
