National Oilwell Varco PT Raised to $103.00 (NOV)
Equities research analysts at Cowen and Company raised their price objective on shares of National Oilwell Varco (NYSE:NOV) from $89.00 to $103.00 in a research note issued to investors on Monday, American Banking News reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price objective points to a potential upside of 24.52% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale raised their price target on shares of National Oilwell Varco from $77.00 to $80.00 in a research note to investors on Thursday, October 17th. They now have a “hold” rating on the stock. Separately, analysts at Robert W. Baird initiated coverage on shares of National Oilwell Varco in a research note to investors on Monday, October 14th. They set a “neutral” rating and a $82.00 price target on the stock. Finally, analysts at Clarkson Capital initiated coverage on shares of National Oilwell Varco in a research note to investors on Monday, October 7th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the stock. National Oilwell Varco currently has a consensus rating of “Buy” and a consensus target price of $86.38.
Shares of National Oilwell Varco (NYSE:NOV) opened at 82.72 on Monday. National Oilwell Varco has a one year low of $63.08 and a one year high of $89.95. The stock’s 50-day moving average is $73.72 and its 200-day moving average is $70.19. The company has a market cap of $35.381 billion and a P/E ratio of 15.18.
National Oilwell Varco (NYSE:NOV) last announced its earnings results on Friday, October 25th. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.32 by $0.02. The company had revenue of $5.69 billion for the quarter, compared to the consensus estimate of $5.68 billion. During the same quarter in the prior year, the company posted $1.52 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts expect that National Oilwell Varco will post $5.35 EPS for the current fiscal year.
National Oilwell Varco, Inc is a provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry.
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