|Last Price$72.61||Day Change (%)2.30%|
|Open Price$71.80||Day Change ($)1.63|
|Day Range71.49–72.62||52-Week Range65.49–86.55|
As of Tue 10/21/2014 12:49 PM EST | USD
Morningstar's 2012 CEO of the Year might be stepping down, but NOV is still in good hands.
Near-term cyclical pressures and investments are weighing on margins.
The increasing complexity and capital intensity of oil and gas drilling creates significant long-term potential for these undervalued wide-moat companies, says Morningstar's Rob Bellinski.
Research and Markets: Digital Oil Field Market Outlook 2024 - Services & by Processes Analysis of the $38 Billion Industry
Some energy names and out-of-favor companies joined the index, but, in a sign of the times, few deeply discounted stocks.
Research and Markets: Global Downhole Tools Market Outlook 2019: Discovery of Shale Gas Reserves and Ultra-Deep Drilling Activities Drives the Downhole Tools Market.
A group of top managers remains cautious and commits more capital to traditional defensive sectors, while taking advantage of a rising (and potentially overvalued) market to book some gains.
Our winner has done a stellar job at capital allocation, identifying major industry trends, investing billions in capital ahead of the shifts, and then executing brilliantly on deals.
Once again, the remarkable surge in U.S. crude oil production is a sight to behold.
Our managers are still finding attractive opportunities in a more richly valued market.