Several brokerages have updated their recommendations and price targets on shares of National-Oilwell Varco (NYSE: NOV) in the last few weeks:

  • 3/15/2017 – National-Oilwell Varco was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $43.48 price target on the stock.
  • 3/6/2017 – National-Oilwell Varco was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $43.48 price target on the stock.
  • 3/3/2017 – National-Oilwell Varco was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $51.00 price target on the stock.
  • 2/27/2017 – National-Oilwell Varco was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $41.60 price target on the stock.
  • 2/20/2017 – National-Oilwell Varco was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Aggressive cost reduction and improved efficiencies helped National Oilwell Varco come out with narrower-than-expected fourth quarter loss. Importantly, NOV reported a sequential increase in sales as OPEC's production cut decision helped oil stabilize within a range above $50 per barrel. While maintaining its excellent track record of earnings surprise history of 3 beats in the last 4 quarters, NOV has outperformed the Zacks categorized 'Oil Field machineries & Equipment' industry and returned a neat gain of 46% during that period. However, the ongoing weakness in commodity prices – despite the recent OPEC-driven recovery – has curtailed energy drilling and equipment demand thereby affecting the company’s revenues, earnings and cash flow. Hence, while being incrementally positive on NOV, we expect the shares to remain soft until commodity prices recover sufficiently.”
  • 2/20/2017 – National-Oilwell Varco was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $41.60 price target on the stock.
  • 2/16/2017 – National-Oilwell Varco had its price target raised by analysts at FBR & Co from $38.00 to $48.00. They now have an “outperform” rating on the stock.
  • 2/14/2017 – National-Oilwell Varco was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $41.60 price target on the stock.
  • 2/10/2017 – National-Oilwell Varco was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $44.00 price target on the stock. According to Zacks, “Following National Oilwell Varco's solid Q4 results, we are taking a bullish stance on the company. Aggressive cost reduction and improved efficiencies helped the energy equipment maker come out with narrower-than-expected loss. Importantly, NOV reported a sequential increase in sales as OPEC's production cut decision helped oil stabilize within a range above $50 per barrel. While maintaining its excellent track record of earnings surprise history of 3 beats in the last 4 quarters, NOV has outperformed the Zacks categorized 'Oil Field machineries & Equipment' industry and returned a neat gain of 46% during that period. We further believe that the drilling equipment maker’s large installed base of worldwide rigs provide for a steady recurring revenue stream. Consequently, we think NOV offers upside potential from current levels and label it as an attractive investment.”
  • 2/8/2017 – National-Oilwell Varco was upgraded by analysts at Credit Suisse Group AG from an “underperform” rating to a “neutral” rating. They now have a $40.00 price target on the stock.
  • 2/8/2017 – National-Oilwell Varco had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $36.00 price target on the stock.
  • 2/8/2017 – National-Oilwell Varco had its price target raised by analysts at Simmons from $25.00 to $36.00. They now have a “neutral” rating on the stock.
  • 2/8/2017 – National-Oilwell Varco had its “hold” rating reaffirmed by analysts at Scotiabank. They now have a $37.00 price target on the stock.
  • 2/8/2017 – National-Oilwell Varco was given a new $36.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.
  • 2/7/2017 – National-Oilwell Varco had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $35.00 price target on the stock.
  • 2/7/2017 – National-Oilwell Varco is now covered by analysts at Loop Capital. They set a “hold” rating on the stock.
  • 2/6/2017 – National-Oilwell Varco was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $42.13 price target on the stock.
  • 2/1/2017 – National-Oilwell Varco had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $40.00 price target on the stock.
  • 1/30/2017 – National-Oilwell Varco was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $39.33 price target on the stock.
  • 1/19/2017 – National-Oilwell Varco was upgraded by analysts at Societe Generale from a “hold” rating to a “buy” rating. They now have a $44.00 price target on the stock.

National-Oilwell Varco, Inc. (NYSE:NOV) traded down 0.25% during mid-day trading on Monday, reaching $39.21. The company had a trading volume of 2,008,965 shares. The stock has a 50 day moving average price of $39.19 and a 200 day moving average price of $36.95. National-Oilwell Varco, Inc. has a one year low of $26.86 and a one year high of $43.63. The company’s market capitalization is $14.85 billion.

National-Oilwell Varco (NYSE:NOV) last announced its earnings results on Monday, February 6th. The oil and gas exploration company reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.14. The business earned $1.69 billion during the quarter, compared to analyst estimates of $1.62 billion. National-Oilwell Varco had a negative return on equity of 2.08% and a negative net margin of 33.26%. National-Oilwell Varco’s revenue for the quarter was down 37.8% compared to the same quarter last year. During the same period last year, the company earned $0.23 EPS. On average, equities analysts expect that National-Oilwell Varco, Inc. will post ($0.36) earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.51%. The ex-dividend date is Wednesday, March 15th. National-Oilwell Varco’s dividend payout ratio is currently -3.12%.

In other National-Oilwell Varco news, VP Scott K. Duff sold 37,369 shares of the stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $39.87, for a total transaction of $1,489,902.03. Following the completion of the sale, the vice president now directly owns 30,559 shares in the company, valued at approximately $1,218,387.33. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Scott K. Duff sold 4,785 shares of the stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $40.79, for a total value of $195,180.15. Following the sale, the vice president now owns 25,121 shares of the company’s stock, valued at $1,024,685.59. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 91,979 shares of company stock valued at $3,751,823. 0.17% of the stock is owned by corporate insiders.

National Oilwell Varco, Inc is an oilfield equipment manufacturer and technology provider. The Company operates through four segments: Rig Systems, Rig Aftermarket, Wellbore Technologies and Completion & Production Solutions. The Rig Systems segment makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore.

5 Day Chart for NYSE:NOV

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