Shares of National-Oilwell Varco, Inc. (NYSE:NOV) have earned a consensus rating of “Hold” from the twenty-eight ratings firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $36.58.
A number of equities research analysts recently commented on the stock. ValuEngine upgraded shares of National-Oilwell Varco from a “sell” rating to a “hold” rating in a report on Friday, March 23rd. Zacks Investment Research upgraded shares of National-Oilwell Varco from a “sell” rating to a “hold” rating in a report on Tuesday, March 13th. Seaport Global Securities restated a “sell” rating and set a $30.00 price objective on shares of National-Oilwell Varco in a report on Monday, February 12th. B. Riley set a $42.00 price objective on shares of National-Oilwell Varco and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Barclays set a $37.00 price objective on shares of National-Oilwell Varco and gave the stock an “equal weight” rating in a report on Thursday, February 8th.
Shares of NYSE:NOV traded down $0.24 during midday trading on Friday, reaching $36.99. 4,675,203 shares of the company were exchanged, compared to its average volume of 2,465,046. National-Oilwell Varco has a fifty-two week low of $29.90 and a fifty-two week high of $39.44. The company has a quick ratio of 1.79, a current ratio of 3.07 and a debt-to-equity ratio of 0.19. The firm has a market cap of $14,061.53, a price-to-earnings ratio of -88.07, a PEG ratio of 24.02 and a beta of 0.80.
National-Oilwell Varco (NYSE:NOV) last issued its quarterly earnings data on Monday, February 5th. The oil and gas exploration company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). National-Oilwell Varco had a negative net margin of 3.24% and a negative return on equity of 1.10%. The business had revenue of $1.97 billion for the quarter. During the same quarter in the previous year, the business earned ($0.15) earnings per share. research analysts expect that National-Oilwell Varco will post 0.26 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Thursday, March 15th. National-Oilwell Varco’s dividend payout ratio (DPR) is presently -47.62%.
In other news, VP Scott K. Duff sold 7,421 shares of National-Oilwell Varco stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $35.66, for a total value of $264,632.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.17% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Dupont Capital Management Corp bought a new position in shares of National-Oilwell Varco in the 4th quarter valued at about $141,000. Global Trust Asset Management LLC bought a new position in shares of National-Oilwell Varco in the 4th quarter valued at about $160,000. CoreCommodity Management LLC bought a new position in shares of National-Oilwell Varco in the 4th quarter valued at about $162,000. Avestar Capital LLC bought a new position in shares of National-Oilwell Varco in the 4th quarter valued at about $176,000. Finally, Cadence Bank NA bought a new stake in shares of National-Oilwell Varco during the 4th quarter worth about $201,000. 93.57% of the stock is owned by institutional investors.
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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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