National Oilwell Varco Inc. (NOV): Today's Featured Energy Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

National Oilwell Varco ( NOV) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day down 0.2%. By the end of trading, National Oilwell Varco fell $1.74 (-2.5%) to $69.40 on heavy volume. Throughout the day, 7,772,424 shares of National Oilwell Varco exchanged hands as compared to its average daily volume of 3,538,900 shares. The stock ranged in price between $68.07-$70.39 after having opened the day at $69.49 as compared to the previous trading day's close of $71.14. Other companies within the Energy industry that declined today were: Lone Pine Resources ( LPR), down 41.4%, PrimeEnergy ( PNRG), down 9.6%, Hugoton Royalty ( HGT), down 7.1% and Comstock Resources ( CRK), down 5.7%.

National Oilwell Varco, Inc. provides equipment and components for oil and gas drilling and production; oilfield services; and supply chain integration services to the upstream oil and gas industry worldwide. National Oilwell Varco has a market cap of $30.6 billion and is part of the basic materials sector. Shares are up 4.1% year to date as of the close of trading on Monday. Currently there are 15 analysts that rate National Oilwell Varco a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates National Oilwell Varco as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Barnwell Industries ( BRN), up 9.5%, Samson Oil & Gas ( SSN), up 7.3%, Constellation Energy Partners ( CEP), up 6.2% and BMB Munai ( BMBM), up 5.6% , were all gainers within the energy industry with Hess ( HES) being today's featured energy industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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