National-Oilwell Varco (NOV) Given a $40.00 Price Target at UBS Group

UBS Group set a $40.00 price target on National-Oilwell Varco (NYSE:NOV) in a report published on Tuesday, www.stocktargetadvisor.com reports. The firm currently has a hold rating on the oil and gas exploration company’s stock.

Several other equities analysts have also commented on NOV. Citigroup increased their price target on shares of National-Oilwell Varco from $39.00 to $45.00 and gave the company a neutral rating in a research note on Wednesday, July 11th. BMO Capital Markets increased their price target on shares of National-Oilwell Varco from $32.00 to $39.00 and gave the company a sell rating in a research note on Monday, July 30th. Wells Fargo & Co increased their price objective on National-Oilwell Varco from $41.00 to $43.00 and gave the company a hold rating in a report on Sunday, July 29th. Credit Suisse Group set a $43.00 price objective on National-Oilwell Varco and gave the company a hold rating in a report on Monday, July 30th. Finally, Raymond James increased their price objective on National-Oilwell Varco from $50.00 to $55.00 and gave the company a buy rating in a report on Monday, July 30th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $43.32.

Shares of National-Oilwell Varco stock opened at $37.13 on Tuesday. The company has a market capitalization of $13.76 billion, a price-to-earnings ratio of -88.40, a P/E/G ratio of 44.16 and a beta of 0.93. National-Oilwell Varco has a 52 week low of $31.47 and a 52 week high of $49.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.78 and a current ratio of 3.17.



In other National-Oilwell Varco news, Director Eric L. Mattson sold 5,284 shares of the firm’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $45.06, for a total value of $238,097.04. Following the completion of the sale, the director now owns 66,862 shares of the company’s stock, valued at $3,012,801.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Eric L. Mattson sold 4,338 shares of the firm’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $45.65, for a total value of $198,029.70. Following the completion of the sale, the director now directly owns 76,484 shares of the company’s stock, valued at approximately $3,491,494.60. The disclosure for this sale can be found here. In the last three months, insiders sold 20,734 shares of company stock valued at $939,945. 0.79% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Independent Order of Foresters lifted its holdings in National-Oilwell Varco by 19.7% in the second quarter. Independent Order of Foresters now owns 7,281 shares of the oil and gas exploration company’s stock valued at $316,000 after acquiring an additional 1,200 shares during the period. State Treasurer State of Michigan lifted its holdings in National-Oilwell Varco by 1.1% in the second quarter. State Treasurer State of Michigan now owns 113,078 shares of the oil and gas exploration company’s stock valued at $4,908,000 after acquiring an additional 1,200 shares during the period. Whittier Trust Co. lifted its holdings in National-Oilwell Varco by 180.6% in the second quarter. Whittier Trust Co. now owns 2,455 shares of the oil and gas exploration company’s stock valued at $202,000 after acquiring an additional 1,580 shares during the period. MUFG Americas Holdings Corp lifted its holdings in National-Oilwell Varco by 29.8% in the second quarter. MUFG Americas Holdings Corp now owns 7,183 shares of the oil and gas exploration company’s stock valued at $312,000 after acquiring an additional 1,650 shares during the period. Finally, Dupont Capital Management Corp lifted its holdings in National-Oilwell Varco by 55.9% in the second quarter. Dupont Capital Management Corp now owns 4,960 shares of the oil and gas exploration company’s stock valued at $215,000 after acquiring an additional 1,779 shares during the period. 95.45% of the stock is owned by institutional investors.

About National-Oilwell Varco

National Oilwell Varco, Inc designs, manufactures, and sells systems and components used in oil and gas drilling and production; and provides oilfield services to the upstream oil and gas industry worldwide. It operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies.

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

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