CHICAGO, Aug. 12, 2011 /PRNewswire/ -- 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 (NYSE:
NOV), Cabot Oil & Gas (NYSE: COG) Precision
Drilling (NYSE: PDS) Oil States International (NYSE:
OIS) and Complete Production Services (NYSE: CPX).
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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 (NYSE: 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 (NYSE: 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 (NYSE: 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 (NYSE: 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 (NYSE: 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%.
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