National-Oilwell Varco Given Consensus Rating of “Buy” by Analysts (NYSE:NOV)
National-Oilwell Varco (NYSE:NOV) has been given a consensus recommendation of “Buy” by the twenty-six brokerages that are currently covering the stock, StockRatingsNetwork.com reports. Nine equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $92.09.
National-Oilwell Varco (NYSE:NOV) opened at 82.11 on Tuesday. National-Oilwell Varco has a 52-week low of $63.4626 and a 52-week high of $86.41. The stock has a 50-day moving average of $83.21 and a 200-day moving average of $74.5. The company has a market cap of $35.327 billion and a price-to-earnings ratio of 13.84.
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. Analysts expect that National-Oilwell Varco will post $6.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Investors of record on Friday, September 12th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Wednesday, September 10th.
NOV has been the subject of a number of recent research reports. 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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