National-Oilwell Varco (NYSE:NOV) received a $35.00 price target from stock analysts at Susquehanna Bancshares in a research note issued on Friday. The firm presently has a “hold” rating on the oil and gas exploration company’s stock. Susquehanna Bancshares’ target price indicates a potential downside of 10.58% from the company’s current price.
A number of other equities analysts also recently commented on the stock. Scotiabank set a $37.00 target price on shares of National-Oilwell Varco and gave the company a “hold” rating in a research note on Friday, October 27th. Zacks Investment Research downgraded shares of National-Oilwell Varco from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. ValuEngine downgraded shares of National-Oilwell Varco from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. R. F. Lafferty cut their target price on shares of National-Oilwell Varco from $33.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, November 6th. Finally, Deutsche Bank started coverage on shares of National-Oilwell Varco in a research note on Tuesday, October 10th. They issued a “hold” rating and a $39.00 target price on the stock. Four research analysts have rated the stock with a sell rating, twenty have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $38.04.
Shares of National-Oilwell Varco (NYSE NOV) traded up $0.30 during mid-day trading on Friday, hitting $39.14. 2,530,000 shares of the stock were exchanged, compared to its average volume of 2,960,000. 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 debt-to-equity ratio of 0.19, a quick ratio of 1.62 and a current ratio of 2.75. The stock has a market cap of $14,870.00, a P/E ratio of -15.78, a PEG ratio of 21.02 and a beta of 0.95.
Institutional investors have recently added to or reduced their stakes in the stock. Chevy Chase Trust Holdings Inc. increased its stake in National-Oilwell Varco by 1.2% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 481,830 shares of the oil and gas exploration company’s stock worth $17,216,000 after buying an additional 5,641 shares during the period. California Public Employees Retirement System increased its position in shares of National-Oilwell Varco by 4.7% in the 3rd quarter. California Public Employees Retirement System now owns 1,211,321 shares of the oil and gas exploration company’s stock worth $43,280,000 after purchasing an additional 54,039 shares during the last quarter. Swiss National Bank increased its position in shares of National-Oilwell Varco by 1.4% in the 3rd quarter. Swiss National Bank now owns 1,399,047 shares of the oil and gas exploration company’s stock worth $49,988,000 after purchasing an additional 19,100 shares during the last quarter. Glenview Trust Co increased its position in shares of National-Oilwell Varco by 4.0% in the 2nd quarter. Glenview Trust Co now owns 245,030 shares of the oil and gas exploration company’s stock worth $8,071,000 after purchasing an additional 9,382 shares during the last quarter. Finally, Shell Asset Management Co. increased its position in shares of National-Oilwell Varco by 163.9% in the 3rd quarter. Shell Asset Management Co. now owns 64,296 shares of the oil and gas exploration company’s stock worth $4,893,000 after purchasing an additional 39,934 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.
About National-Oilwell Varco
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.
