Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of National-Oilwell Varco from a hold rating to a buy rating and set a $39.00 price objective for the company in a report on Monday, October 9th. FBR & Co reiterated a buy rating on shares of National-Oilwell Varco in a report on Monday, October 16th. Piper Jaffray Companies reiterated a buy rating and set a $36.00 price objective on shares of National-Oilwell Varco in a report on Tuesday, September 26th. B. Riley reiterated a buy rating on shares of National-Oilwell Varco in a report on Wednesday, November 1st. Finally, Capital One Financial reiterated an equal weight rating on shares of National-Oilwell Varco in a report on Friday, October 27th. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $38.04.
Shares of National-Oilwell Varco (NYSE:NOV) traded up $0.30 on Thursday, reaching $39.14. 2,530,100 shares of the company were exchanged, compared to its average volume of 2,960,000. National-Oilwell Varco has a one year low of $29.90 and a one year high of $41.90. The company has a market cap of $14,870.00, a price-to-earnings ratio of -15.78, a price-to-earnings-growth ratio of 20.24 and a beta of 0.95. The company has a quick ratio of 1.62, a current ratio of 2.75 and a debt-to-equity ratio of 0.19.
National-Oilwell Varco (NYSE:NOV) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas exploration company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. National-Oilwell Varco had a negative net margin of 1.47% and a negative return on equity of 0.74%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the business posted ($0.34) EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. equities analysts predict that National-Oilwell Varco will post -0.41 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Thursday, December 7th. National-Oilwell Varco’s payout ratio is currently -8.06%.
Institutional investors have recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. grew its position in shares of National-Oilwell Varco by 1.2% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 481,830 shares of the oil and gas exploration company’s stock worth $17,216,000 after buying an additional 5,641 shares during the last quarter. California Public Employees Retirement System grew its position in shares of National-Oilwell Varco by 4.7% in the 3rd quarter. California Public Employees Retirement System now owns 1,211,321 shares of the oil and gas exploration company’s stock worth $43,280,000 after buying an additional 54,039 shares during the last quarter. Swiss National Bank grew its position in shares of National-Oilwell Varco by 1.4% in the 3rd quarter. Swiss National Bank now owns 1,399,047 shares of the oil and gas exploration company’s stock worth $49,988,000 after buying an additional 19,100 shares during the last quarter. Glenview Trust Co grew its position in shares of National-Oilwell Varco by 4.0% in the 2nd quarter. Glenview Trust Co now owns 245,030 shares of the oil and gas exploration company’s stock worth $8,071,000 after buying an additional 9,382 shares during the last quarter. Finally, Shell Asset Management Co. grew its position in shares of National-Oilwell Varco by 163.9% in the 3rd quarter. Shell Asset Management Co. now owns 64,296 shares of the oil and gas exploration company’s stock worth $4,893,000 after buying an additional 39,934 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.
About National-Oilwell Varco
National Oilwell Varco, Inc is an oilfield equipment manufacturer and technology provider. The Company operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies and Completion & Production Solutions. The Rig Systems segment makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore.
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