National-Oilwell Varco Receives Consensus Recommendation of “Buy” from Analysts (NYSE:NOV)
Shares of National-Oilwell Varco (NYSE:NOV) have been given an average rating of “Buy” by the twenty-six brokerages that are currently covering the company, Analyst Ratings Network reports. Nine research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $92.09.
Shares of National-Oilwell Varco (NYSE:NOV) traded down 0.11% during mid-day trading on Tuesday, hitting $81.88. 319,672 shares of the company’s stock traded hands. National-Oilwell Varco has a one year low of $63.4626 and a one year high of $86.41. The stock has a 50-day moving average of $83.06 and a 200-day moving average of $74.19. The company has a market cap of $35.228 billion and a price-to-earnings ratio of 14.04.
National-Oilwell Varco (NYSE:NOV) last posted its quarterly 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. Analysts expect that National-Oilwell Varco will post $6.01 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Susquehanna raised their price target on shares of National-Oilwell Varco from $84.00 to $96.00 in a research note on Thursday, July 31st. Separately, 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, July 31st. Finally, 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, July 31st.
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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