Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Flowserve Corporation (FLS - Analyst Report) recently received an order to provide plug-and-ball valve products in order to meet customer needs for extensive mining applications. The $9 million order was awarded by a new nickel ore processing facility based in Long Harbour, Newfoundland, Canada.

Flowserve has been chosen by the Canadian mining company given its ability to provide a comprehensive line of valves needed to cover the wide variety of applications at the nickel ore processing plant. The varying and complex methods used to extract and process minerals present the most demanding pump services in the industry.

Therefore, be it pumping rough surfaces or chemical reagents, the comprehensive range of products and broad industry experience offered by Flowserve has always led to an unmatched leadership position in mining and mineral processing.

Flowserve has been delivering its expertise to the industry’s toughest services for more than 10 decades. Flowserve today is one of the leading providers of new pumping technologies required for the deep field bitumen recovery.

The order of valves for the nickel ore mining facility was booked in the year 2012. Flowserve’s flow control division that primarily caters to the engineered and industrial valves, control valves reported sales growth of 5.7% in 2012. The increase was primarily driven by customer original equipment sales in the oil and gas and chemical industries.

Flowserve currently holds a Zacks Rank #3 (Hold) while some other important players in the same industry such as Graco Inc. (GGG - Snapshot Report), Ingersoll Rand Plc (IR - Analyst Report) and AECOM Technology Corporation (ACM - Analyst Report) carry a Zacks Rank #2 (Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
BITAUTO HOLD BITA 35.33 +14.82%
ANI PHARMACE ANIP 24.79 +14.66%
E-HOUSE CHIN EJ 10.99 +9.24%
CANADIAN SOL CSIQ 26.97 +7.15%
INTL CONS AI ICAGY 33.30 +5.38%