National-Oilwell Varco (NYSE:NOV)‘s stock had its “hold” rating restated by analysts at Royal Bank of Canada in a research report issued to clients and investors on Friday. They presently have a $40.00 target price on the oil and gas exploration company’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 5.32% from the company’s current price.

Several other research analysts also recently weighed in on the stock. B. Riley set a $42.00 target price on shares of National-Oilwell Varco and gave the stock a “buy” rating in a research report on Friday. Susquehanna Bancshares set a $35.00 target price on shares of National-Oilwell Varco and gave the stock a “hold” rating in a research report on Friday, January 12th. Cowen set a $33.00 target price on shares of National-Oilwell Varco and gave the stock a “hold” rating in a research report on Thursday, January 11th. Jefferies Group set a $35.00 target price on shares of National-Oilwell Varco and gave the stock a “hold” rating in a research report on Thursday, January 4th. Finally, ValuEngine raised shares of National-Oilwell Varco from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. National-Oilwell Varco presently has an average rating of “Hold” and a consensus price target of $38.08.

Shares of National-Oilwell Varco (NOV) opened at $37.98 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.75 and a debt-to-equity ratio of 0.19. National-Oilwell Varco has a fifty-two week low of $29.90 and a fifty-two week high of $41.90. The company has a market cap of $14,407.02, a P/E ratio of -15.25, a P/E/G ratio of 18.73 and a beta of 0.95.

National-Oilwell Varco (NYSE:NOV) last released its earnings results on Thursday, October 26th. The oil and gas exploration company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.01. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. National-Oilwell Varco had a negative net margin of 13.33% and a negative return on equity of 1.41%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.34) earnings per share. analysts predict that National-Oilwell Varco will post -0.4 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the company. IHT Wealth Management LLC lifted its stake in shares of National-Oilwell Varco by 1,923.1% in the second quarter. IHT Wealth Management LLC now owns 526 shares of the oil and gas exploration company’s stock worth $112,000 after buying an additional 500 shares during the last quarter. Tiedemann Wealth Management LLC lifted its stake in shares of National-Oilwell Varco by 77.8% in the third quarter. Tiedemann Wealth Management LLC now owns 11,668 shares of the oil and gas exploration company’s stock worth $194,000 after buying an additional 5,107 shares during the last quarter. IBM Retirement Fund acquired a new stake in shares of National-Oilwell Varco in the third quarter worth $200,000. Wrapmanager Inc. acquired a new stake in shares of National-Oilwell Varco in the third quarter worth $202,000. Finally, Smith Salley & Associates acquired a new stake in shares of National-Oilwell Varco in the third quarter worth $214,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

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National-Oilwell Varco Company Profile

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.

Analyst Recommendations for National-Oilwell Varco (NYSE:NOV)

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