National Oilwell Varco (NYSE:NOV) has been assigned a $31.00 price objective by stock analysts at SunTrust Banks in a research note issued on Monday. The firm presently has a “hold” rating on the oil and gas exploration company’s stock. SunTrust Banks’ target price suggests a potential downside of 18.38% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Susquehanna Bancshares set a $37.00 price objective on shares of National Oilwell Varco and gave the company a “hold” rating in a research report on Friday. B. Riley downgraded shares of National Oilwell Varco to a “hold” rating and set a $40.00 price objective on the stock. in a research report on Tuesday. Seaport Global Securities reiterated a “sell” rating and issued a $30.00 price objective on shares of National Oilwell Varco in a research report on Monday, February 12th. ValuEngine upgraded shares of National Oilwell Varco from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Barclays set a $37.00 price objective on shares of National Oilwell Varco and gave the company an “equal weight” rating in a research report on Thursday, February 8th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. National Oilwell Varco has a consensus rating of “Hold” and an average target price of $36.29.

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Shares of NYSE:NOV opened at $37.98 on Monday. The stock has a market capitalization of $15,555.48, a P/E ratio of -90.43, a PEG ratio of 26.57 and a beta of 0.80. National Oilwell Varco has a fifty-two week low of $29.90 and a fifty-two week high of $41.38. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.79 and a current ratio of 3.07.

National Oilwell Varco (NYSE:NOV) last issued its quarterly earnings data on Monday, February 5th. The oil and gas exploration company reported ($0.04) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). The firm had revenue of $1.97 billion for the quarter. National Oilwell Varco had a negative net margin of 3.24% and a negative return on equity of 1.10%. During the same quarter in the prior year, the business earned ($0.15) earnings per share. research analysts expect that National Oilwell Varco will post 0.26 earnings per share for the current fiscal year.

In other National Oilwell Varco news, VP Scott K. Duff sold 7,421 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were 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 currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV grew its stake in shares of National Oilwell Varco by 233.3% in the 4th quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 100,000 shares of the oil and gas exploration company’s stock worth $1,103,000 after purchasing an additional 70,000 shares during the last quarter. American International Group Inc. grew its stake in shares of National Oilwell Varco by 7.3% in the 4th quarter. American International Group Inc. now owns 190,915 shares of the oil and gas exploration company’s stock worth $6,877,000 after purchasing an additional 12,943 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of National Oilwell Varco by 13.2% in the 4th quarter. Toronto Dominion Bank now owns 164,639 shares of the oil and gas exploration company’s stock worth $5,932,000 after purchasing an additional 19,164 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of National Oilwell Varco by 24.6% in the 3rd quarter. Janus Henderson Group PLC now owns 151,848 shares of the oil and gas exploration company’s stock worth $5,425,000 after purchasing an additional 29,990 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of National Oilwell Varco by 1.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,122,145 shares of the oil and gas exploration company’s stock worth $40,094,000 after purchasing an additional 18,333 shares during the last quarter. 93.51% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for National Oilwell Varco (NYSE:NOV)

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