Shares of National-Oilwell Varco, Inc. (NYSE:NOV) have been assigned an average recommendation of “Hold” from the twenty-nine ratings firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $36.58.
A number of research analysts recently issued reports on NOV shares. Royal Bank of Canada reiterated a “hold” rating and set a $40.00 price objective on shares of National-Oilwell Varco in a research note on Friday, January 19th. ValuEngine cut National-Oilwell Varco from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. TheStreet raised National-Oilwell Varco from a “d+” rating to a “c” rating in a report on Tuesday, February 6th. Cowen set a $33.00 price target on National-Oilwell Varco and gave the company a “hold” rating in a report on Thursday, January 11th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $34.00 price target on shares of National-Oilwell Varco in a report on Thursday, December 21st.
In other news, VP Scott K. Duff sold 7,421 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $35.66, for a total transaction of $264,632.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.17% of the company’s stock.
National-Oilwell Varco (NYSE:NOV) traded up $1.08 during midday trading on Wednesday, hitting $37.72. 2,950,592 shares of the stock traded hands, compared to its average volume of 3,620,000. National-Oilwell Varco has a 12-month low of $29.90 and a 12-month high of $40.90. The stock has a market cap of $14,760.00, a price-to-earnings ratio of -29.70, a P/E/G ratio of 23.43 and a beta of 0.89. The company has a quick ratio of 1.79, a current ratio of 3.07 and a debt-to-equity ratio of 0.19.
National-Oilwell Varco (NYSE:NOV) last announced its quarterly earnings data on Monday, February 5th. The oil and gas exploration company reported ($0.04) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.04). The company had revenue of $1.97 billion during the quarter. National-Oilwell Varco had a negative return on equity of 1.10% and a negative net margin of 3.24%. During the same quarter last year, the firm posted ($0.15) earnings per share. analysts forecast that National-Oilwell Varco will post 0.26 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Thursday, March 15th. National-Oilwell Varco’s dividend payout ratio (DPR) is -15.75%.
COPYRIGHT VIOLATION WARNING: “Brokerages Set National-Oilwell Varco, Inc. (NOV) PT at $36.58” was originally reported by Ticker Report and is owned by of Ticker Report. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.tickerreport.com/banking-finance/3253714/brokerages-set-national-oilwell-varco-inc-nov-pt-at-36-58.html.
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.
Receive News & Ratings for National-Oilwell Varco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National-Oilwell Varco and related companies with MarketBeat.com's FREE daily email newsletter.