Share on StockTwits

National-Oilwell Varco (NYSE:NOV) has been given a consensus recommendation of “Buy” by the twenty-five brokerages that are currently covering the stock, reports. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $90.95.

NOV has been the subject of a number of recent research reports. Analysts at Gabelli initiated coverage on shares of National-Oilwell Varco in a research note on Wednesday, June 25th. They set a “buy” rating and a $122.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of National-Oilwell Varco in a research note on Wednesday, June 18th. They now have a $87.00 price target on the stock, down previously from $94.00. Finally, analysts at Societe Generale upgraded shares of National-Oilwell Varco from a “hold” rating to a “buy” rating in a research note on Thursday, June 12th.

Shares of National-Oilwell Varco (NYSE:NOV) traded down 0.38% on Monday, hitting $82.317. The stock had a trading volume of 675,536 shares. National-Oilwell Varco has a 1-year low of $61.3796 and a 1-year high of $82.69. The stock has a 50-day moving average of $76.19 and a 200-day moving average of $71.42. The company has a market cap of $35.318 billion and a price-to-earnings ratio of 14.65.

National-Oilwell Varco (NYSE:NOV) last issued its quarterly earnings data 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. On average, analysts predict that National-Oilwell Varco will post $6.02 earnings per share 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.