National-Oilwell Varco, Inc. (NYSE:NOV) has earned an average recommendation of “Hold” from the twenty-nine ratings firms that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $36.58.
Several equities analysts have commented on the stock. Cowen set a $33.00 price target on shares of National-Oilwell Varco and gave the company a “hold” rating in a research report on Thursday, January 11th. TheStreet upgraded shares of National-Oilwell Varco from a “d+” rating to a “c” rating in a report on Tuesday, February 6th. Seaport Global Securities restated a “sell” rating and issued a $30.00 price objective on shares of National-Oilwell Varco in a report on Monday, February 12th. Jefferies Group set a $35.00 price objective on shares of National-Oilwell Varco and gave the company a “hold” rating in a report on Thursday, January 4th. Finally, ValuEngine lowered shares of National-Oilwell Varco from a “hold” rating to a “sell” rating in a report on Friday, February 2nd.
In related news, VP Scott K. Duff sold 7,421 shares of National-Oilwell Varco stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $35.66, for a total transaction of $264,632.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.58% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. Dupont Capital Management Corp purchased a new position in National-Oilwell Varco during the 4th quarter worth $141,000. Global Trust Asset Management LLC purchased a new position in National-Oilwell Varco during the 4th quarter worth $160,000. CoreCommodity Management LLC purchased a new position in National-Oilwell Varco during the 4th quarter worth $162,000. Avestar Capital LLC purchased a new position in National-Oilwell Varco during the 4th quarter worth $176,000. Finally, Tiedemann Wealth Management LLC grew its position in National-Oilwell Varco by 77.8% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 11,668 shares of the oil and gas exploration company’s stock worth $194,000 after purchasing an additional 5,107 shares during the last quarter. Hedge funds and other institutional investors own 92.78% of the company’s stock.
Shares of National-Oilwell Varco (NYSE NOV) traded down $0.06 during mid-day trading on Wednesday, reaching $36.64. 363,272 shares of the company’s stock traded hands, compared to its average volume of 3,350,273. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.07 and a quick ratio of 1.79. National-Oilwell Varco has a 52 week low of $29.90 and a 52 week high of $40.90. The stock has a market cap of $13,950.00, a PE ratio of -28.85, a PEG ratio of 23.26 and a beta of 0.89.
National-Oilwell Varco (NYSE:NOV) last issued its quarterly earnings results on Monday, February 5th. The oil and gas exploration company reported ($0.04) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). National-Oilwell Varco had a negative net margin of 3.24% and a negative return on equity of 1.10%. The company had revenue of $1.97 billion during the quarter. During the same period in the prior year, the business earned ($0.15) EPS. sell-side analysts predict that National-Oilwell Varco will post 0.26 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.20 annualized dividend and a yield of 0.55%. National-Oilwell Varco’s dividend payout ratio is currently -15.75%.
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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