Other research analysts also recently issued reports about the company. Barclays decreased their price target on National-Oilwell Varco from $38.00 to $36.00 and set an equal weight rating for the company in a report on Monday, October 30th. SunTrust Banks raised National-Oilwell Varco from a sell rating to a hold rating in a report on Wednesday, November 29th. ValuEngine raised National-Oilwell Varco from a sell rating to a hold rating in a report on Wednesday, January 3rd. Zacks Investment Research downgraded National-Oilwell Varco from a buy rating to a hold rating in a report on Monday, October 23rd. Finally, Susquehanna Bancshares set a $35.00 target price on National-Oilwell Varco and gave the stock a hold rating in a research note on Friday, January 12th. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $38.08.
National-Oilwell Varco (NYSE NOV) opened at $38.74 on Friday. National-Oilwell Varco has a twelve month low of $29.90 and a twelve month high of $41.90. The stock has a market capitalization of $14,433.62, a P/E ratio of -15.56, a price-to-earnings-growth ratio of 19.78 and a beta of 0.95. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.75 and a quick ratio of 1.62.
National-Oilwell Varco (NYSE:NOV) last announced its quarterly earnings results on Thursday, October 26th. The oil and gas exploration company reported ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.01. National-Oilwell Varco had a negative return on equity of 1.41% and a negative net margin of 13.33%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the company posted ($0.34) earnings per share. National-Oilwell Varco’s revenue for the quarter was up 11.5% on a year-over-year basis. equities research analysts predict that National-Oilwell Varco will post -0.4 EPS for the current fiscal year.
Large investors have recently modified their holdings of the business. IHT Wealth Management LLC grew its holdings in National-Oilwell Varco by 1,923.1% in the 2nd quarter. IHT Wealth Management LLC now owns 526 shares of the oil and gas exploration company’s stock valued at $112,000 after buying an additional 500 shares in the last quarter. IBM Retirement Fund purchased a new stake in National-Oilwell Varco in the 3rd quarter valued at $200,000. Wrapmanager Inc. purchased a new stake in National-Oilwell Varco in the 3rd quarter valued at $202,000. Smith Salley & Associates purchased a new stake in National-Oilwell Varco in the 3rd quarter valued at $214,000. Finally, Advisor Partners LLC purchased a new stake in National-Oilwell Varco in the 3rd quarter valued at $227,000. Institutional investors own 91.85% of the company’s stock.
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National-Oilwell Varco Company Profile
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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