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Investment analysts at Susquehanna dropped their target price on shares of National-Oilwell Varco (NYSE:NOV) from $90.00 to $85.00 in a note issued to investors on Wednesday. Susquehanna’s price target would indicate a potential upside of 11.81% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Howard Weil cut their price target on shares of National-Oilwell Varco from $90.00 to $82.00 in a research note on Monday. They now have a “sector perform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of National-Oilwell Varco in a research note on Friday, May 30th. They now have a $94.00 price target on the stock, down previously from $97.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of National-Oilwell Varco in a research note on Thursday, May 8th. They now have a $85.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. National-Oilwell Varco has a consensus rating of “Buy” and a consensus target price of $89.76.

National-Oilwell Varco (NYSE:NOV) traded up 0.12% on Wednesday, hitting $76.1098. The stock had a trading volume of 1,697,748 shares. National-Oilwell Varco has a 52-week low of $59.5221 and a 52-week high of $76.3841. The stock has a 50-day moving average of $73.23 and a 200-day moving average of $70.78. The company has a market cap of $32.655 billion and a P/E ratio of 13.48.

National-Oilwell Varco (NYSE:NOV) last posted its quarterly earnings results on Monday, April 28th. The company reported $1.40 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.29 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts expect that National-Oilwell Varco will post $6.11 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Wednesday, June 11th. This is a boost from National-Oilwell Varco’s previous quarterly dividend of $0.26.

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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