National-Oilwell Varco (NOV) Reaches New 12-Month High and Low at $40.50

National-Oilwell Varco, Inc. (NYSE:NOV)’s share price reached a new 52-week high and low during trading on Thursday . The company traded as low as $40.50 and last traded at $40.45, with a volume of 2392162 shares trading hands. The stock had previously closed at $39.43.

NOV has been the topic of several recent analyst reports. Susquehanna Bancshares set a $35.00 target price on shares of National-Oilwell Varco and gave the company a “hold” rating in a research note on Friday, January 12th. Cowen set a $33.00 price objective on National-Oilwell Varco and gave the stock a “hold” rating in a report on Thursday, January 11th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $40.00 price target on shares of National-Oilwell Varco in a research note on Friday, January 19th. B. Riley set a $42.00 price target on National-Oilwell Varco and gave the company a “buy” rating in a research note on Friday, January 19th. Finally, Jefferies Group set a $35.00 price target on National-Oilwell Varco and gave the company a “hold” rating in a research note on Thursday, January 4th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $37.19.

The company has a quick ratio of 1.79, a current ratio of 3.07 and a debt-to-equity ratio of 0.19. The company has a market cap of $14,475.87, a price-to-earnings ratio of -97.00, a price-to-earnings-growth ratio of 24.73 and a beta of 0.80.



National-Oilwell Varco (NYSE:NOV) last posted its quarterly earnings results on Monday, February 5th. The oil and gas exploration company reported ($0.04) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.04). National-Oilwell Varco had a negative return on equity of 1.10% and a negative net margin of 3.24%. The business had revenue of $1.97 billion for the quarter. During the same quarter last year, the company posted ($0.15) EPS. equities analysts forecast that National-Oilwell Varco, Inc. will post 0.26 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 16th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Thursday, March 15th. National-Oilwell Varco’s payout ratio is -47.62%.

In other National-Oilwell Varco news, VP Scott K. Duff sold 7,421 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $35.66, for a total transaction of $264,632.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.79% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. increased its position in shares of National-Oilwell Varco by 14.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 12,580 shares of the oil and gas exploration company’s stock worth $449,000 after purchasing an additional 1,558 shares during the period. Moors & Cabot Inc. increased its position in shares of National-Oilwell Varco by 6.7% in the third quarter. Moors & Cabot Inc. now owns 27,646 shares of the oil and gas exploration company’s stock worth $991,000 after purchasing an additional 1,726 shares during the period. D.A. Davidson & CO. increased its position in shares of National-Oilwell Varco by 4.3% in the fourth quarter. D.A. Davidson & CO. now owns 46,509 shares of the oil and gas exploration company’s stock worth $1,675,000 after purchasing an additional 1,901 shares during the period. Wetherby Asset Management Inc. increased its position in shares of National-Oilwell Varco by 13.6% in the fourth quarter. Wetherby Asset Management Inc. now owns 17,406 shares of the oil and gas exploration company’s stock worth $627,000 after purchasing an additional 2,082 shares during the period. Finally, Norinchukin Bank The increased its position in shares of National-Oilwell Varco by 7.4% in the fourth quarter. Norinchukin Bank The now owns 30,384 shares of the oil and gas exploration company’s stock worth $1,094,000 after purchasing an additional 2,098 shares during the period. Institutional investors own 93.49% 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.

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