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National-Oilwell Varco (NYSE:NOV)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup Inc. in a research note issued to investors on Tuesday, StockRatingsNetwork reports. They currently have a $96.00 target price on the stock. Citigroup Inc.’s price target suggests a potential upside of 22.90% from the company’s current price.

National-Oilwell Varco (NYSE:NOV) traded up 0.55% on Tuesday, hitting $78.54. The stock had a trading volume of 1,932,586 shares. National-Oilwell Varco has a one year low of $63.25 and a one year high of $84.71. The stock has a 50-day moving average of $77.95 and a 200-day moving average of $78.58. The company has a market cap of $33.656 billion and a price-to-earnings ratio of 14.36.

National-Oilwell Varco (NYSE:NOV) last announced its earnings results on Monday, April 28th. The company reported $1.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.39 by $0.01. The company had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter last year, the company posted $1.29 earnings per share. National-Oilwell Varco’s revenue was up 8.9% compared to the same quarter last year. Analysts expect that National-Oilwell Varco will post $6.12 EPS for the current fiscal year.

A number of other firms have also recently commented on NOV. Analysts at Global Hunter Securities downgraded shares of National-Oilwell Varco from a “buy” rating to a “neutral” rating in a research note on Tuesday. They now have a $80.00 price target on the stock, down previously from $90.00. Separately, analysts at Societe Generale raised their price target on shares of National-Oilwell Varco from $84.00 to $85.00 in a research note on Tuesday. Finally, analysts at Bank of America reiterated a “buy” rating on shares of National-Oilwell Varco in a research note on Tuesday, April 15th. They now have a $85.00 price target on the stock, down previously from $93.00. Nine research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. National-Oilwell Varco has a consensus rating of “Buy” and a consensus price target of $89.58.

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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