B. Riley set a $42.00 price objective on National-Oilwell Varco (NYSE:NOV) in a research report report published on Friday. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.

A number of other analysts have also recently commented on NOV. Piper Jaffray Companies reaffirmed a buy rating and set a $36.00 target price on shares of National-Oilwell Varco in a report on Tuesday, September 26th. Citigroup upped their target price on shares of National-Oilwell Varco from $34.00 to $36.00 and gave the company a neutral rating in a report on Thursday, October 5th. Jefferies Group set a $34.00 target price on shares of National-Oilwell Varco and gave the company a hold rating in a report on Thursday, October 5th. Cowen set a $30.00 target price on shares of National-Oilwell Varco and gave the company a hold rating in a report on Friday, October 6th. Finally, Royal Bank of Canada set a $37.00 price target on shares of National-Oilwell Varco and gave the stock a hold rating in a research report on Sunday, October 8th. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $38.08.

Shares of National-Oilwell Varco (NYSE NOV) traded up $0.07 during mid-day trading on Friday, reaching $37.98. 4,639,500 shares of the company’s stock were exchanged, compared to its average volume of 2,815,515. National-Oilwell Varco has a twelve month low of $29.90 and a twelve month high of $41.90. The stock has a market capitalization of $14,580.00, a PE ratio of -15.31, a P/E/G ratio of 19.78 and a beta of 0.95. The company has a current ratio of 2.75, a quick ratio of 1.62 and a debt-to-equity ratio of 0.19.

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

Several large investors have recently modified their holdings of NOV. Vanguard Group Inc. raised its stake in National-Oilwell Varco by 2.5% during the second quarter. Vanguard Group Inc. now owns 38,794,232 shares of the oil and gas exploration company’s stock valued at $1,277,882,000 after purchasing an additional 930,849 shares in the last quarter. First Eagle Investment Management LLC raised its stake in National-Oilwell Varco by 2.1% during the third quarter. First Eagle Investment Management LLC now owns 27,068,594 shares of the oil and gas exploration company’s stock valued at $967,161,000 after purchasing an additional 563,589 shares in the last quarter. Harris Associates L P raised its stake in National-Oilwell Varco by 16.0% during the second quarter. Harris Associates L P now owns 18,574,753 shares of the oil and gas exploration company’s stock valued at $611,852,000 after purchasing an additional 2,557,484 shares in the last quarter. FMR LLC raised its stake in National-Oilwell Varco by 6.4% during the second quarter. FMR LLC now owns 9,635,851 shares of the oil and gas exploration company’s stock valued at $317,405,000 after purchasing an additional 581,712 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in National-Oilwell Varco during the third quarter valued at $226,421,000. Hedge funds and other institutional investors own 91.85% 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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