National Oilwell Varco (NYSE: NOV) has recently received a number of price target changes and ratings updates:

  • 10/16/2017 – National Oilwell Varco had its “buy” rating reaffirmed by analysts at FBR & Co.
  • 10/11/2017 – National Oilwell Varco was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/10/2017 – National Oilwell Varco is now covered by analysts at Deutsche Bank AG. They set a “hold” rating and a $39.00 price target on the stock.
  • 10/9/2017 – National Oilwell Varco was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $39.00 price target on the stock. According to Zacks, “Ahead of National Oilwell Varco's Q3 results, we are taking a bullish stance on the company. Aggressive cost reduction and improved efficiencies helped the energy equipment maker wade through tough industry conditions prevailing over the past few years. Moreover, with oil now stabilizing around the $50 per barrel level, NOV is eyeing higher product sales. While maintaining its decent track record of earnings surprise history of a single miss in the last 4 quarters, NOV has performed better than the Zacks 'Oil Field machineries & Equipment' industry during that period. We further believe that the drilling equipment maker’s large installed base of worldwide rigs provide for a steady recurring revenue stream. Consequently, we think NOV offers upside potential from current levels and label it as an attractive investment.”
  • 10/8/2017 – National Oilwell Varco was given a new $37.00 price target on by analysts at Royal Bank Of Canada. They now have a “hold” rating on the stock.
  • 10/6/2017 – National Oilwell Varco was given a new $30.00 price target on by analysts at Cowen and Company. They now have a “hold” rating on the stock.
  • 10/5/2017 – National Oilwell Varco had its price target raised by analysts at Citigroup Inc. from $34.00 to $36.00. They now have a “neutral” rating on the stock.
  • 10/5/2017 – National Oilwell Varco was given a new $34.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 9/26/2017 – National Oilwell Varco had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $36.00 price target on the stock.
  • 9/20/2017 – National Oilwell Varco was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/1/2017 – National Oilwell Varco had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 8/31/2017 – National Oilwell Varco had its “buy” rating reaffirmed by analysts at FBR & Co. They now have a $42.00 price target on the stock.

National Oilwell Varco, Inc. (NOV) traded down 0.20% during mid-day trading on Tuesday, reaching $34.92. 3,477,803 shares of the company’s stock traded hands. National Oilwell Varco, Inc. has a 1-year low of $29.90 and a 1-year high of $43.63. The firm has a 50-day moving average price of $33.94 and a 200-day moving average price of $33.79. The stock’s market cap is $13.27 billion.

National Oilwell Varco (NYSE:NOV) last announced its earnings results on Thursday, July 27th. The oil and gas exploration company reported ($0.14) EPS for the quarter, hitting the consensus estimate of ($0.14). The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.78 billion. National Oilwell Varco had a negative net margin of 33.24% and a negative return on equity of 2.12%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company posted ($0.30) EPS. Equities research analysts anticipate that National Oilwell Varco, Inc. will post ($0.41) EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.57%. National Oilwell Varco’s dividend payout ratio is currently -3.31%.

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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