National-Oilwell Varco, Inc. (NYSE:NOV) – Stock analysts at SunTrust Banks issued their Q1 2020 EPS estimates for National-Oilwell Varco in a research note issued on Monday, November 5th. SunTrust Banks analyst K. Sill forecasts that the oil and gas exploration company will post earnings of $0.28 per share for the quarter. SunTrust Banks also issued estimates for National-Oilwell Varco’s Q2 2020 earnings at $0.35 EPS and Q3 2020 earnings at $0.45 EPS.
NOV has been the topic of several other reports. R. F. Lafferty raised National-Oilwell Varco from a “hold” rating to a “buy” rating and boosted their target price for the stock from $41.00 to $51.00 in a report on Tuesday, August 21st. Edward Jones downgraded National-Oilwell Varco from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Morgan Stanley started coverage on National-Oilwell Varco in a report on Tuesday, September 18th. They issued an “equal weight” rating and a $50.00 target price on the stock. Citigroup boosted their target price on National-Oilwell Varco from $39.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, July 11th. Finally, Cowen reissued a “hold” rating and issued a $45.00 target price on shares of National-Oilwell Varco in a report on Friday, October 12th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the stock. National-Oilwell Varco has a consensus rating of “Hold” and a consensus price target of $43.27.
Shares of NOV opened at $36.87 on Wednesday. The company has a market capitalization of $13.84 billion, a PE ratio of -87.79 and a beta of 1.03. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 3.17. National-Oilwell Varco has a one year low of $31.47 and a one year high of $49.08.
Several hedge funds have recently bought and sold shares of NOV. Quad Cities Investment Group LLC acquired a new position in shares of National-Oilwell Varco in the 2nd quarter valued at $104,000. Cerebellum GP LLC acquired a new position in shares of National-Oilwell Varco in the 3rd quarter valued at $163,000. First Hawaiian Bank acquired a new position in shares of National-Oilwell Varco in the 3rd quarter valued at $174,000. Piedmont Investment Advisors LLC acquired a new position in shares of National-Oilwell Varco in the 2nd quarter valued at $194,000. Finally, Assetmark Inc. lifted its stake in shares of National-Oilwell Varco by 225.5% in the 2nd quarter. Assetmark Inc. now owns 4,551 shares of the oil and gas exploration company’s stock valued at $198,000 after purchasing an additional 3,153 shares during the period. 95.24% of the stock is currently owned by institutional investors.
In other news, Director Eric L. Mattson sold 5,284 shares of the stock in a transaction on Friday, August 24th. The stock was sold at an average price of $45.06, for a total value of $238,097.04. Following the transaction, the director now owns 66,862 shares of the company’s stock, valued at approximately $3,012,801.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Eric L. Mattson sold 11,112 shares of the stock in a transaction on Monday, August 27th. The shares were sold at an average price of $45.34, for a total value of $503,818.08. Following the completion of the transaction, the director now directly owns 66,862 shares in the company, valued at approximately $3,031,523.08. The disclosure for this sale can be found here. In the last three months, insiders sold 20,734 shares of company stock worth $939,945. 0.79% of the stock is currently owned by company insiders.
About National-Oilwell Varco
National Oilwell Varco, Inc designs, manufactures, and sells systems and components used in oil and gas drilling and production; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies.
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