National-Oilwell Varco Price Target Increased to $83.00 by Analysts at Global Hunter Securities (NOV)
Equities research analysts at Global Hunter Securities raised their target price on shares of National-Oilwell Varco (NYSE:NOV) from $3.00 to $83.00 in a research note issued to investors on Thursday. Global Hunter Securities’ price target points to a potential upside of 2.36% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Howard Weil raised their price target on shares of National-Oilwell Varco from $82.00 to $85.00 in a research note on Wednesday. They now have a “sector perform” rating on the stock. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. National-Oilwell Varco currently has an average rating of “Buy” and an average target price of $92.09.
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 52-week low of $63.4626 and a 52-week 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 issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.61 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.33 earnings per share. National-Oilwell Varco’s revenue was up 12.3% compared to the same quarter last year. On average, analysts predict that National-Oilwell Varco will post $5.99 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.
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