National Oilwell Varco, Inc (NOV)

[Timothy Smith]

Boone Pickens has over 90,000 shares of this cheap driller.

Warren Buffett also has 5mm shares within Berkshire Hathaway.

The 26 analysts that cover the stock have a median price target of $85 a share on the stock -- more than 25% above its current price level.

NOV is selling at around 10x 2014's projected earnings, and the stock is selling in the bottom third of five year valuation range based on P/S, P/CF and P/B.

Analysts expect mid-double digit revenue growth, and the stock trades at a five year projected PEG of less than 1 (.80).