Shares of National-Oilwell Varco, Inc. (NYSE:NOV) have earned a consensus recommendation of “Hold” from the thirty-one analysts that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $37.29.

A number of research analysts recently weighed in on NOV shares. R. F. Lafferty lowered their target price on shares of National-Oilwell Varco from $33.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, November 6th. FBR & Co restated a “buy” rating on shares of National-Oilwell Varco in a research note on Monday, October 16th. Cowen set a $30.00 price target on shares of National-Oilwell Varco and gave the company a “hold” rating in a report on Friday, October 6th. Piper Jaffray Companies reiterated a “buy” rating and issued a $36.00 price target on shares of National-Oilwell Varco in a report on Tuesday, September 26th. Finally, ValuEngine downgraded shares of National-Oilwell Varco from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th.

Institutional investors have recently bought and sold shares of the company. IHT Wealth Management LLC increased its holdings in shares of National-Oilwell Varco by 1,923.1% in the 2nd quarter. IHT Wealth Management LLC now owns 526 shares of the oil and gas exploration company’s stock worth $112,000 after buying an additional 500 shares during the last quarter. IBM Retirement Fund bought a new stake in shares of National-Oilwell Varco in the 3rd quarter worth about $200,000. Wrapmanager Inc. bought a new stake in shares of National-Oilwell Varco in the 3rd quarter worth about $202,000. Smith Salley & Associates bought a new stake in shares of National-Oilwell Varco in the 3rd quarter worth about $214,000. Finally, Advisor Partners LLC bought a new stake in shares of National-Oilwell Varco in the 3rd quarter worth about $227,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

National-Oilwell Varco (NYSE:NOV) traded up $0.07 on Tuesday, hitting $37.98. 4,587,999 shares of the company were exchanged, compared to its average volume of 2,179,484. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.62 and a current ratio of 2.75. National-Oilwell Varco has a 52 week low of $29.90 and a 52 week high of $41.90. The stock has a market cap of $14,433.62, a PE ratio of -15.25, a price-to-earnings-growth ratio of 18.77 and a beta of 0.95.

National-Oilwell Varco (NYSE:NOV) last released its earnings results on Thursday, October 26th. The oil and gas exploration company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the company earned ($0.34) EPS. National-Oilwell Varco’s revenue for the quarter was up 11.5% on a year-over-year basis. equities research analysts anticipate that National-Oilwell Varco will post -0.4 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. National-Oilwell Varco’s dividend payout ratio (DPR) is presently -8.03%.

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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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