Cowen reaffirmed their hold rating on shares of National-Oilwell Varco (NYSE:NOV) in a report published on Friday morning. They currently have a $45.00 target price on the oil and gas exploration company’s stock.

Other analysts have also issued reports about the company. Raymond James lifted their price target on National-Oilwell Varco from $50.00 to $55.00 and gave the stock a buy rating in a research note on Monday, July 30th. Piper Jaffray Companies reaffirmed a buy rating and issued a $53.00 price target on shares of National-Oilwell Varco in a research note on Monday, August 6th. R. F. Lafferty raised National-Oilwell Varco from a hold rating to a buy rating and lifted their price target for the stock from $41.00 to $51.00 in a research note on Tuesday, August 21st. Stifel Nicolaus assumed coverage on National-Oilwell Varco in a research note on Monday, September 10th. They set a buy rating and a $54.00 price objective on the stock. Finally, Johnson Rice raised National-Oilwell Varco from a hold rating to a buy rating and set a $55.00 price objective on the stock in a research note on Tuesday, October 2nd. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $44.32.

Shares of NYSE:NOV traded up $0.01 during trading on Friday, reaching $41.91. The stock had a trading volume of 3,157,276 shares, compared to its average volume of 3,132,769. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.19 and a quick ratio of 1.75. The firm has a market capitalization of $16.48 billion, a PE ratio of -99.79, a P/E/G ratio of 46.67 and a beta of 0.93. National-Oilwell Varco has a 1-year low of $31.47 and a 1-year high of $49.08.

National-Oilwell Varco (NYSE:NOV) last issued its quarterly earnings results on Thursday, July 26th. The oil and gas exploration company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2 billion. National-Oilwell Varco had a negative return on equity of 0.60% and a negative net margin of 1.09%. The business’s revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.14) earnings per share. As a group, analysts expect that National-Oilwell Varco will post 0.15 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.48%. National-Oilwell Varco’s dividend payout ratio is currently -47.62%.

In other National-Oilwell Varco news, VP Craig L. Weinstock sold 3,709 shares of National-Oilwell Varco stock in a transaction on Monday, July 30th. The stock was sold at an average price of $48.02, for a total value of $178,106.18. Following the sale, the vice president now owns 42,663 shares in the company, valued at $2,048,677.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric L. Mattson sold 5,284 shares of National-Oilwell Varco stock in a transaction on Friday, August 24th. The shares were 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 in the company, valued at approximately $3,012,801.72. The disclosure for this sale can be found here. Insiders sold 514,559 shares of company stock worth $24,588,009 in the last 90 days. Company insiders own 0.79% of the company’s stock.

Large investors have recently bought and sold shares of the business. Independent Order of Foresters raised its holdings in shares of National-Oilwell Varco by 19.7% in the 2nd quarter. Independent Order of Foresters now owns 7,281 shares of the oil and gas exploration company’s stock valued at $316,000 after buying an additional 1,200 shares during the period. State Treasurer State of Michigan raised its holdings in shares of National-Oilwell Varco by 1.1% in the 2nd 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 buying an additional 1,200 shares during the period. Whittier Trust Co. raised its holdings in shares of National-Oilwell Varco by 180.6% in the 2nd quarter. Whittier Trust Co. now owns 2,455 shares of the oil and gas exploration company’s stock valued at $202,000 after buying an additional 1,580 shares during the period. MUFG Americas Holdings Corp raised its holdings in shares of National-Oilwell Varco by 29.8% in the 2nd quarter. MUFG Americas Holdings Corp now owns 7,183 shares of the oil and gas exploration company’s stock valued at $312,000 after buying an additional 1,650 shares during the period. Finally, Dupont Capital Management Corp raised its holdings in shares of National-Oilwell Varco by 55.9% in the 2nd quarter. Dupont Capital Management Corp now owns 4,960 shares of the oil and gas exploration company’s stock valued at $215,000 after buying an additional 1,779 shares during the period. Institutional investors own 95.63% of the company’s stock.

National-Oilwell Varco Company Profile

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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