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Stock analysts at Susquehanna lifted their price objective on shares of National-Oilwell Varco (NYSE:NOV) from $84.00 to $96.00 in a report issued on Thursday. Susquehanna’s price objective would suggest a potential upside of 18.39% from the company’s current price.

Shares of National-Oilwell Varco (NYSE:NOV) traded up 0.06% on Thursday, hitting $81.09. 3,567,147 shares of the company’s stock traded hands. National-Oilwell Varco has a 1-year low of $63.4626 and a 1-year high of $86.41. The stock’s 50-day moving average is $82.40 and its 200-day moving average is $73.65. The company has a market cap of $34.825 billion and a P/E ratio of 13.88.

National-Oilwell Varco (NYSE:NOV) last announced its earnings results on Tuesday, July 29th. The company reported $1.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.44 by $0.17. The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. On average, analysts predict that National-Oilwell Varco will post $5.99 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on NOV. Analysts at Global Hunter Securities raised their price target on shares of National-Oilwell Varco from $3.00 to $83.00 in a research note on Thursday. Separately, analysts at Morgan Stanley raised their price target on shares of National-Oilwell Varco from $88.00 to $90.00 in a research note on Thursday. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of National-Oilwell Varco in a research note on Wednesday. They now have a $98.00 price target on the stock, up previously from $95.00. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $92.09.

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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